Many people use overtime pay as a kind of savings or second job. In a rising economy overtime goes up before employment, because its cheaper to work the people you've got than hire new ones.
Well, that just went away. Increase the cost of something, you get less of it. Basic Econ 101, something this president just doesn't understand.
Obama to order strengthened overtime pay rules
Overtime itself is not changing. Only the number of people that are required to receive it when worked more than 40 hours.
I think the more likely scenario here is that the flexible work weeks that have been alluded to by NLT will be going away. A company is NOT going to let you take off on Wednesday after paying for those hours that you worked over.
I am also salaried and work less than 40 per week on most weeks. The work load determines what I can and cannot do. I work for the government though so it is a little different in how much wiggle room I have.