Most people believe this law is to protect employees from being overworked and not paid, however it worked the opposite way at my workplace.

Everyone making less then the 80k mentioned were switched from salary employees to hourly. This would have been good if we all spent nights and weekends crunching code. It was quiet the contrary. No one worked overtime so now everyone's pay has been reduced.

We used to have flexible hours and still get paid our full salary. Now you have to make sure you clock out at lunch and God forbid if you take more than an hour.

Sometimes we are done with all our tasks but we still have to sit at our desk to complete our 8 hours if we want to get paid our old salary pay.

This worked to the advantage of the employer, not us.