When you work extra, you should be paid extra. That's what the Fair Labor Standards Act said. And I've met so many people who are working 60-70 hours a week, and they are effectively working 20 hours for free because they are making a little bit above the minimum wage, because the 2004 regulation enables employers to do that. That's not fair.

If the price of a burger goes up 5 cents, and the minimum wage that you have received is going up from $7.25 to $15 an hour - and there have been a number of studies that document just how much the price of a burger might go up if you increase the minimum wage. You match the costs, and the benefits far outweigh the costs.

The overtime rule was frankly diluted in 2004 by a regulation put in place by the Bush administration.

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