> There would be no cut in pay, and those who work more would be compensated at a rate of no less than 1.5 times the employee’s regular rate of pay.
It can specify no cut in full-time pay for an employer for substantially similar work, on both an individual and overall basis (the current text only does this on an individual level, but that's not all the State could do. E.g., “The minimum hourly wage shall be the greater of $X/hr or the 5/4 the actual wage paid by the employer to the employee on date Y or the 5/4 the average wage paid by the employer to employees doing substantially similar work on date Y.”)