The only reason this is a legitimate challenge /problem for business is it’s sudden. Clearly this number should have tied to the CPI or inflation or some rational annual formula. Politically, middle class vs business so we see familiar battle lines drawn.

Hours after the White House announced a final rule that will change overtime protection so that it covers millions more Americans, Speaker of the House Paul Ryan (R-WI) vowed to fight it. But just months ago, Ryan was calling for the very sort of raises that the new rule will ensure.

After Ryan was elected to the Speaker position in October last year, he gave a speech outlining the challenges he hopes to address in the role. First on the list was the financial struggles American workers face.

“Here’s the problem. They’re working hard. They’re paying a lot. They are trying to do right by their families. And they are going nowhere fast,” he said. “They never get a raise. They never get a break… They are working harder than ever to get ahead. Yet they are falling further behind.”

More: Paul Ryan Commits To Fighting Rule That Extends Overtime Protection To Millions Of Workers