Sen. Bernie Sanders (I-Vt.) on Wednesday introduced a bill to establish a standard four-day workweek in the United States without any reduction in pay.
The bill, over a four-year period, would lower the threshold required for overtime pay, from 40 hours to 32 hours. It would require overtime pay at a rate of 1.5 times a worker’s regular salary for workdays longer than 8 hours, and it would require overtime pay at double a worker’s regular salary for workdays longer than 12 hours.
The Thirty-Two Hour Workweek Act would also protect workers’ pay and benefits to ensure there’s no loss in pay, according to a press release.
If you're an exec making $350k/year, it might be reasonable to ask you to at least be available 60 hours a week (not every week).
I certainly agree that $55k is too low, but it's much better than the $38k it was before. If it were up to me, I'd put it around $200k, indexed to inflation.