So, if you had your way companies would be forced to pay overtime to salaried workers making $50K or less. I will cover this again; businesses do not exist to provide jobs. They exist to make money and would do away with all employees if possible. Would I like to be paid for every hour I worked? Sure. What will happen is that starting salaries will drop, or fewer employees will be hired.
Your onerous healthcare system and the hundreds of regulations, and increases in energy costs due to EPA mandates have added to the cost of business, stagnating wages. If you had ever run a business larger than a lemonade stand you would understand that.