AN ACT
to address rising inequality in wages
Section 1 (Title & definitions)
i. The title of this Act shall be, the "Workers' Just Compensation Act of 2019." It may be cited as the "WJCA."
ii. As it appears in this legislation, "non-exempt company" shall refer to any proprietorship, partnership, or corporation which employs persons to do work in Frémont in a given fiscal year.
iii. As it appears in this legislation, "employee" shall refer to any person employed by a non-exempt company to do work in Frémont in a given fiscal year.
Section 2 (Minimum share of net profits paid as wages)
i. 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 (Addressing wage inequality)
i. 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 (Implementation)
i. This Act shall take effect on the first day of the 2021 fiscal year.
Sponsor: Harry S Truman, Speaker
The member from North Dakota has the floor.