Excellent news, but also: Let's see the penalties, and let's see the vigorous enforcement. If this doesn't have teeth, it'll be pointless. Let's see a serious fine that puts a scumbag company out of business.
I really don’t like this kind of cynicism. You could use the same argument to say California will never pass a bill to enable universal opt out, which they did.
Assuming part time work (approximately one day every two weeks) at 10% of the yearly ~2000hr worked per year that equates to about $3300 per year, which seems sensible to me.
If by one day, you mean one day and night, since elected officials make all the important decisions at 3 a.m. When you give someone the job of managing billions of dollars of resources and pay them less money per year than their mortgage costs each month, what do you think they're going to do? Be a hero who protects the people from corporations? That's what everyone on this site seems to think politicians do. But the people don't pay them anything. So what makes you think they're looking after you, and not themselves? The only way they can survive is by feeding off the public. Unlike corporations, they do it through force and involuntary exchange.
When I replied to the above comment it said _five_ (not nine as it does now) figure budgets. So I assumed something akin to a person helping a community group, minor league sports team, and definitely not a billion dollar public entity.
And in that case it would certainly require a full time job. And it ought to be well paid.
But, no, I still do not subscribe to your related conspiracy theory. Can you provide any tangible examples?