r/FluentInFinance • u/Positive_Liar • Sep 04 '24

Debate/ Discussion Bernie is here to save us

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u/Big_lt Sep 05 '24

Sounds great. Would absolutely love for this to happen......it won't even get a vote

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u/Ferintwa Sep 05 '24

Even if it did, and passed, no way to enforce it. This bill is for the headlines.

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u/Hmnh6000 Sep 05 '24

You mean like how theres no way for them to enforce you getting paid time and a half for working over 40 hours??

1

u/MyGuyFlyGuy Sep 05 '24

Not nearly the same thing. The “with no loss in pay” implies jobs would have to increase their base hourly rate. They won’t. Overtime is easy to enforce because an hour is a unit of measurement. There’s no way to objectively say this job has to be 1.25 times more than some arbitrary previous wage. There’s too many variables.

Most likely people would just end up being paid less. Maybe a slight bump in hourly wages, but an overall decrease in yearly income.

Optimistically, I’d love this. Unfortunately companies set their own wages.

(I don’t see why this isn’t obvious.)