What is different about a salaried setup (yearly rate) and a daily rate position? If we are willing to ban daily pay because of its clear potential to result in

What is different about a salaried setup (yearly rate) and a daily rate position? If we are willing to ban daily pay because of its clear potential to result in abusive situations where employees are over worked and under paid, then why are we willing to allow salaried positions? I would sure love remittance for all the overtime I’ve worked as a salaryman.