SB 108-07: Wage Fairness Act (Passed)

[WD]

AN ACT
To address rising inequality in wages

Be it enacted by the Senate of the Republic of Atlasia assembled

Section 1

1. The title of this Act shall be the "Wage Fairness Act"

2. As it appears in this legislation, "non-exempt company" shall refer to any proprietorship, partnership, or corporation which employs persons to do work in Atlasia in a given fiscal year.

3. As it appears in this legislation, "employee" shall refer to any person employed by a non-exempt company to do work in Atlasia in a given fiscal year.

Section 2

1. No less than 60% of the net profits of any non-exempt company shall be budgeted annually for the payment of salaries to its employees.

Section 3

1.  No employee of a non-exempt company shall earn a monthly salary equal to more than 300% of the lowest monthly salary paid by that company.

Section 4

1. This Act shall take effect immediately.

Sponsor: Western Democrat

The gentleman from Oregon is recognized

[WD]

This bill has a clear purpose in supporting fair and strong wage standards for Atlasian employees in a number of ways. A 60% threshold would increase job security by disincentivising  fire and rehire tactics or the undercutting of wage standards, but keeping this at net profits rather than another metric still encourages business growth and allows for capital investment into that company, with no conflict between paying workers a fair wage. All companies will also benefit from the steady flow of money into the economy.

[West_Midlander]

Government is notoriously inefficient. Why does the honorable PPT believe that more and more responsibilities should be given to the government from private enterprise? I believe in a balance, in a mixed economy, not one that is heavily dominated by the state.

[Southern Senator North Carolina Yankee]

Doesn't this produce a feedback loop of sorts?

I mean labor expenses are calculated prior to the calculation of "net profit". So wouldn't that mean that say they appropriate 60% of "net profit" to labor costs, this then would produce a new "net profit" that then would necessitate the same 60% requirement and so on unto infinity.

[Pedocon Theory is not a theory]

Doesn't this produce a feedback loop of sorts?

I mean labor expenses are calculated prior to the calculation of "net profit". So wouldn't that mean that say they appropriate 60% of "net profit" to labor costs, this then would produce a new "net profit" that then would necessitate the same 60% requirement and so on unto infinity.

If you take 60% of profit after expenses and add it to the labor expenses that changes nothing. You do what you want with the other 40%.

[Southern Senator North Carolina Yankee]

Doesn't this produce a feedback loop of sorts?

I mean labor expenses are calculated prior to the calculation of "net profit". So wouldn't that mean that say they appropriate 60% of "net profit" to labor costs, this then would produce a new "net profit" that then would necessitate the same 60% requirement and so on unto infinity.

If you take 60% of profit after expenses and add it to the labor expenses that changes nothing. You do what you want with the other 40%.

I know full well what the damn intent is, what my concern is whether the composition is up to snuff with regards to the intent.

[Pedocon Theory is not a theory]

Amendment to appease the pedants in our society.

AN ACT
To address rising inequality in wages

Be it enacted by the Senate of the Republic of Atlasia assembled

Section 1

1. The title of this Act shall be the "Wage Fairness Act"

2. As it appears in this legislation, "non-exempt company" shall refer to any proprietorship, partnership, or corporation which employs persons to do work in Atlasia in a given fiscal year.

3. As it appears in this legislation, "employee" shall refer to any person employed by a non-exempt company to do work in Atlasia in a given fiscal year.

Section 2

1. No less than 60% of the net profits of any non-exempt company shall be budgeted annually for the payment of salaries to its employees. set aside annually for distribution directly to the employees of that company in the form of wages, on an equal per-capita basis.

Section 3

1.  No employee of a non-exempt company shall earn a monthly salary equal to more than 300% of the lowest monthly salary paid by that company.

Section 4

1. This Act shall take effect immediately.

[WD]

24 hours to object

[West_Midlander]

I object.

[WD]

A vote is now open on the amendment, please vote Aye, Nay, or Abstain.

[West_Midlander]

Nay.

[WD]

Aye

[Mr. Reactionary]

Nay

[Left Wing]

Aye

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Motion to table

[Pedocon Theory is not a theory]

Aye.

[WD]

Motion to table

Objection

[AGA]

This step towards a command economy is a new low, even for WD.

[GM Team Member and Senator WB]

Aye on the amendment, not certain on the final bill yet.

[beesley]

Aye

[Former President tack50]

Aye

[Never Made it to Graceland]

Aye

[If my soul was made of stone]

AYE

[S019]

AYE

[Deep Dixieland Senator, Muad'dib (OSR MSR)]

Abstain