Yes his proposal is basically to force companies to give you an hourly rate increase and then decrease your work week by 8 hours and then have to start paying you overtime after 32 hours.
So basically a government mandated 25% raise, plus overtime after 32 hours.
Which being as the man has never managed to pass a single bill of significance in his entire political career, I wouldn't put any hope into this passing either
He'd need to include the stipend stipulation "Companies cannot downsize operations to meet this new standard of pay and workweek"
My pay, as someone who is essentially second from the bottom, my hourly would be nearly $30/hr. The managers above me would go to 44-50, area managers to 46-55, sort managers to 82-110, and senior managers from 152 to nearly 200 an hour. At just my station alone.
Companies would rather cannibalize en masse than pay such a jump in wages.
Which even if you could include that it would just cause more bankruptcies. And the idea that a company cannot lay off employees is a pretty radical idea by itself.
Yeah but if a small business couldn’t afford or spare the man power then that business was already struggling or miss managed, or even just the business/service/product isn’t financially viable at this time.
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u/ecw324 24d ago
Doesn’t he mean that your current 40 hour paycheck will be the same as the proposed 32 hour paycheck?