Companies don't pay overtime. Those numbers cited would never happen. Instead, employees would simply lose the freedoms they enjoy now to work hours that suit them or spend company time learning.
I was hourly once because my company was very conservative about labor laws. Finally reaching the rank that no longer required me to fill out timecards or justify project time was a big upgrade in my life style. Did I work an occasional Saturday? Sure, but I also left early on other days or worked from home. I couldn't do that when I was hourly.
I'm far from convinced that overtime rules would make anything better for tech workers.
These rules are about hourly contractors, not equity-incented employees. You're comparing hourly to non-hourly. This is about hourly with overtime (tech writers) vs. hourly without overtime (engineers).
I was hourly once because my company was very conservative about labor laws. Finally reaching the rank that no longer required me to fill out timecards or justify project time was a big upgrade in my life style. Did I work an occasional Saturday? Sure, but I also left early on other days or worked from home. I couldn't do that when I was hourly.
I'm far from convinced that overtime rules would make anything better for tech workers.