The overtime threshold is to the middle class as the minimum wage is to low-wage workers.

When businesspeople take credit for creating jobs, it's a little like squirrels taking credit for creating evolution. In fact, it's the other way around.

Now one person doing the job of one and a half. So as an employer I can get two people to do the work of three, and think about what that does for profits.

The person earning the federal minimum wage of $7.25 isn't going out to eat at restaurants. They're not taking piano lessons. They're not going to the gym or the yoga studio. They're not sending mom flowers on Mother's day. What good is this person in the economy? If you raise it to $15 an hour, they're doing all of those things. And all of a sudden, not just business thrives, but small business thrives.

I was at the forefront of the effort to pass $15 minimum wage in Seattle, and have been collaborating with the people who are trying to make that happen across the country.

The overtime threshold is to the middle class as the minimum wage is to low-wage workers.

Raising the overtime threshold - something that is about to happen. This is more complex so not as many people understand it, but it's equally consequential.