That is correct. That is why I said it was the "base rate". The example was to illustrate what the employment opportunity would look like if an employer of a de

That is correct. That is why I said it was the "base rate". The example was to illustrate what the employment opportunity would look like if an employer of a developer had to pay an hourly rate with overtime pay, instead of being able to pay them as an exempt salaried employee. Assuming the position required 60 hour work weeks(as a non trivial amount of developer positions do) this is what the two would look like for exactly the same final pay. With salary one can say: $50,000/year With hourly one would say: $13/hr + overtime While being the exact same pay, it looks quite a bit different. No?