The problem, of course, is that the people who are working in excess of 40 hours each week are not doing so at one job. Under Obama, the economy has further shifted away from the 'one job, stable hours' model of years past toward 'multiple jobs, varying hours', which causes more workers not to get overtime pay even if they work in excess of 40 hours, because they're working more than one job. As an anecdotal example, I worked about 65 hours in one week last year and didn't see an extra penny for it, because of course, those hours were spread out over two jobs.
With estimates as high as
40 percent of the labor force being composed of 'contingent' laborers, the truth is that this pithy reform will help few workers and will do nothing to address the lack of full-time, single-job employment in the Obama economy.