Financial Labor Deregulation Proposal of 2023 - Drumagh

Rationale

These reforms will boost economic growth by reducing regulatory burdens, increasing business flexibility, and attracting investment to drive job creation and higher wages.

Proposed Changes

	Law	Previous	Proposed
1	Banking & Financial Regulation	Strong prudential oversight	Deregulated financial centre
2	Competition & Monopolies	Proactively break up dominant firms	No competition intervention
3	Maximum Working Hours	40-hour weekly maximum with overtime controls	48-hour weekly maximum
4	Minimum Wage Policy	Maximum wage cap (no one may earn more than 10x the lowest-paid worker)	No minimum wage
5	Paid Annual Leave	6+ weeks statutory paid leave	No statutory minimum; left to contract

1

Banking & Financial Regulation

Previous law

Strong prudential oversight

Deregulated financial centre

2

Competition & Monopolies

Previous law

Proactively break up dominant firms

No competition intervention

3

Maximum Working Hours

Previous law

40-hour weekly maximum with overtime controls

48-hour weekly maximum

4

Minimum Wage Policy

Previous law

Maximum wage cap (no one may earn more than 10x the lowest-paid worker)

No minimum wage

5

Paid Annual Leave

Previous law

6+ weeks statutory paid leave

No statutory minimum; left to contract

Proposer

Party

New Morning Movement

A movement for economic freedom, smaller government, and individual initiative. We champion free markets, lower taxes, and personal responsibility. Inspired by the conviction that prosperity comes from people, not the state. No compromise, no retreat, no turning back!

Core pillars

TH

Thomas Hill

Candidate for First Citizen · Age 41

279,404 social followers

A former soldier turned firebrand provocateur, Thomas Hill’s explosive charisma and radical zeal electrify crowds, blending street-smart instincts with a reputation as a man of action.

⭐ Celebrity ✨ Charismatic 🎖️ Former Military 🏙️ Street Smart 🔥 Firebrand

Timeline

Draft

7 January 2023
Vote Open

7 January 2023
Vote Closed

8 March 2023
Did Not Become Law

8 March 2023

Vote tally

Live tally across each chamber. Weighted by seats held.

First Council of Ministers

Failed

48Yes 50No 2Not voted 100 seats

For: 48 / 100 seats (48.0%)

Against: 50 · Abstained: 0 · Not voted: 2

50.1% of those voting must vote in favour (actual = 49.0%)

Party	Seats	Vote	Reason
Centralist Unity	32	No	The end of minimum wage in a nation where retail and consumer goods represent more than a third of the economy is, in all honesty, insanity. We can not support such extreme measure, as it would certainly lead to unrest and revolt, and devastation to the national economy. We can compromise on other articles, but the mere suggestion of ending minimum wage is enough to veto this bill.
Libertarian Congress	32	Yes	We love this, deregulate the financial sector now
New Morning Movement Proposer	16	Yes	No reason given
Progressive Democratic Union	5	No	This extreme deregulation of the market would prevent competitiveness and could incentivize unfair practices by major companies
The Democratic Workersparty	0	No	It’s a radical changings that destroying hope of thousands of workers and by making no minimum wages it‘s restricts the workers rights and the trust can collapse
The United Workers Front	13	No	no, this is a disaster

The People’s Assembly

Failed

95Yes 100No 5Not voted 200 seats

For: 95 / 200 seats (47.5%)

Against: 100 · Abstained: 0 · Not voted: 5

50.1% of those voting must vote in favour (actual = 48.7%)

Party	Seats	Vote	Reason
Centralist Unity	65	No	The end of minimum wage in a nation where retail and consumer goods represent more than a third of the economy is, in all honesty, insanity. We can not support such extreme measure, as it would certainly lead to unrest and revolt, and devastation to the national economy. We can compromise on other articles, but the mere suggestion of ending minimum wage is enough to veto this bill.
Libertarian Congress	63	Yes	We love this, deregulate the financial sector now
New Morning Movement Proposer	32	Yes	No reason given
Progressive Democratic Union	9	No	This extreme deregulation of the market would prevent competitiveness and could incentivize unfair practices by major companies
The Democratic Workersparty	0	No	It’s a radical changings that destroying hope of thousands of workers and by making no minimum wages it‘s restricts the workers rights and the trust can collapse
The United Workers Front	26	No	no, this is a disaster

First Citizen

Failed

0Yes 1No 0Not voted 1 seat

For: 0 / 1 seats (0.0%)

Against: 1 · Abstained: 0 · Not voted: 0

Passes unless the office holder votes against (abstention counts as pass)

Party	Seats	Vote	Reason
Centralist Unity	1	No	No reason given

Voting record

Every vote must state a public reason. Most recent first.

The Democratic Workersparty

Voted March 7, 2023

No

“It’s a radical changings that destroying hope of thousands of workers and by making no minimum wages it‘s restricts the workers rights and the trust can collapse”

Centralist Unity

Voted Jan. 23, 2023

No

“The end of minimum wage in a nation where retail and consumer goods represent more than a third of the economy is, in all honesty, insanity. We can not support such extreme measure, as it would certainly lead to unrest and revolt, and devastation to the national economy. We can compromise on other articles, but the mere suggestion of ending minimum wage is enough to veto this bill.”

Libertarian Congress

Voted Jan. 17, 2023

Yes

“We love this, deregulate the financial sector now”

The United Workers Front

Voted Jan. 12, 2023

No

“no, this is a disaster”

Progressive Democratic Union

Voted Jan. 9, 2023

No

“This extreme deregulation of the market would prevent competitiveness and could incentivize unfair practices by major companies”