Salaried positions don’t pay by the hour but by meeting benchmarks, job accountabilities, etc. so I’m not sure “fraudulently” belongs in that sentence.
I concur. The only reason it doesn't feel this way is because companies have been abusing the spirit and intent of salary for a long time. They effectively make it about time, and then don't pay overtime because they're exempt. Salary is basically just hourly but with a sweeter deal for the employer.
So, from the employer's perspective, it feels like fraud. But they've effectively been defrauding you for the past 100 years, by making you work salary when your job isn't a salary job. So, it's even. Well... not really. Still absurdly skewed in the employer's favor of course, but a little more even.
