Here is the actual bill. As far as I can tell, all it really does is make some wording substitutions and redefinitions to the original 1940 bill.

What I find interesting is that it addresses weekly pay, assuming salaries workers. What happens to hourly employees? Will the employer be required to up their hourly rate to compensate for the 8 hour loss? People are already stretched thin enough, an 8 hour loss for hourly workers would be devastating in many cases.

There would also need to be payroll tax adjustments on the employer side regarding hourly workers. Payroll taxes generally end up being about 90% of an employee's wage added on to their gross wage (at least here in California), so while employees see a great benefit of increased pay and/or reduced hours, this would absolutely screw small/medium businesses that already operate on tight margins. I operate in the construction industry, and dropping down to 4 days would delay projects even more, and having to pay overtime on a fifth day at increased hourly wages would be prohibitively expensive that most wouldn't do it.

Don't get me wrong, I absolutely think this is a step in the right direction, but I think there needs to be a good balance for both employees and employers. I know online communities like to paint all companies as evil, but I do my damnedest to take care of my guys and provide good jobs with great pay and benefits while also giving my customers reasonable prices in a state that's already stupid amounts of expensive to do business in, and I'm not penny pinching or being anal about my bottom line. Stuff like this without consideration of the impacts of small businesses is how you end up with mega corps that are the only ones that can afford to stay in business.