SB 118-07: Keep the Market Fair Act - Failed

[Attorney General & Senator Dwarven Dragon]

Keep the Market Fair Act

SENATE BILL

To increase worker representation and ensure wage fairness

Be it enacted,

Section I: Repeal

1. SB 109-03 Keep the Market Free Act is hereby repealed.

Section II: Reform

1. SB 108-06 Worker Representation Act shall be amended as follows:

1. Not less than three-fifths two-fifths of the directors of a corporation, LLC, or for-profit company shall be elected by the employees of the corporation using an election process. A director elected by the employees shall have the same rights and powers and shall be subject to the same duties and responsibilities as a director elected by the stockholders. This rule is not applicable to worker cooperatives, worker-owned enterprises, or any company in the process of transitioning to a worker cooperative or worker-owned enterprise.

Section III: Implementation

1. This act takes effect immediately.

Sponsor: Pyro
Occupying: Slot 7

[Pyro]

This proposal seeks to re-establish fair and strong wage standards for Atlasian workers, as well as assure that the leaders of for-profit companies across Atlasia have appropriate representation by their employees.

First, as written in Section I, the Keep the Market Free Act will be repealed. This bill itself repealed Wage Fairness Act, a law that sought to undo the scourge of income inequality by granting workers a percentage of excess company profits and limiting extreme variations in salary. The Keep the Market Free Act furthermore undermined the Worker Representation Act by dramatically decreasing worker representation on elected corporate boards.

Section II modifies and strengthens the Worker Representation Act to ensure that no less than 3/5ths of for-profit company directors are directly elected by the employees themselves. This will guarantee that a majority of decisionmakers in any given corporation, LLC, or for-profit company will represent the interests of said company's workers. In my view, this is an excellent path to economic justice and equality.

[Joseph Cao]

The dramatic decrease in representation of… 7%.

There was nothing offered in support of either of the original Labor bills aside from vibes, as with this one. The WRA disincentivized entrepeneurship before and it goes even further now – any moderately successful company will have to forfeit control over its own direction. Encouraging that this be voted down.

[Attorney General & Senator Dwarven Dragon]

Motion for a final vote

[Attorney General & Senator Dwarven Dragon]

A final vote is beginning.

Aye

[Dr. MB]

Aye

[Pyro]

Aye

[DKrol]

Aye

[At-Large Senator LouisvilleThunder]

Nay

[LAKISYLVANIA]

Aye

[Vice President Christian Man]

Aye

[reagente]

Nay

[fhtagn]

Nay

[RFayette]

Nay

[ChiefFireWaterMike]

Nay

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

Nay

[P. Clodius Pulcher did nothing wrong]

Aye

[nerd73]

Aye

[Joseph Cao]

Nay.

[Jay 🏳️‍⚧️]

Abstain

[Coastal Elitist]

Nay

[Attorney General & Senator Dwarven Dragon]

The Vote is TIED 8-8-1-1. The VP will break the tie.

Wall of Shame Vote 5:

AFE up to 5

[FEMA Camp Administrator]

Nay.

[Attorney General & Senator Dwarven Dragon]

Bill fails 8-9-1-1