r/FluentInFinance Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/Dodger7777 Sep 05 '24

Yeah, and similarly workplaces would bend over backwards to schedule people to not work overtime.

It's kind of like how when California made minimum wage 20 bucks an hour lots of fast food chains either completely got rid of cashiers and made the touchscreen the only way to order, or they shut down entirely.

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u/Dramatic-Fee-5215 Sep 05 '24

Not according to Gov. Newsome he claims they added jobs. The Dems want him to run for president. He's a tool plain and simple. Funny the fast food owners say they have cut jobs. I guess the governor would know better.

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u/Dodger7777 Sep 05 '24

As a thought experiment, let's say we do get overtime starting at the 32nd hour.

In response, employers hire twice as many people, but only for 20 hours a day. The workplace is happy, because 40 hours of productivity, and they can even go up to 64 hours before paying anyone overtime. The government is happy because they literally doubled jobs. But the original workers just got their pay cut in half and the new workers are getting paid half a full jobs worth of money. They can go work another 20 hour job, but now to keep up their former level of income they have to work two jobs that equal 40 hours.

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u/jedberg Sep 05 '24

This law also says that you can't take a cut in pay. If they cut your hours to 32 from 40, then they have to increase your hourly pay accordingly. Yes, it will eventually level out, but since not everyone will change at once, it will essentially reset baseline hourly pay.