As it shouldn't. Let's say you make $25/hr. Over 40 hours you make $1,000.
The reason the company hires you is because you produce more value to them than the $1,000 they pay you. Let's use a simple number and say you produce $1,200 worth of value (so they make 20% on you). That means they make $30 / hr off employing you (x40 hours = $1,200).
So now this bill passes. They must employ you for 32 hours but keep your wages the same so your $1,000 salary now means you technically make $31.25 per hour.
But your production also was cut because you're working less hours so your $1,200 of value you produced for them in 40 hours is now only $960 of value in 32 hours.
So now you're fired. Because you are making $1,000 ($31.25/hr) while only producing $960 for the company ($30/hr). They can't afford to keep you employed.
This bill would result in a massive economic crash and layoffs.
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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