Unintended Consequences Of Paid Leave Mandates

There is a great article in today's Wall Street Journal (subscription required) that tries to bring some common sense into the discussion about the current trend by states to require employers to provide paid family leave.  Here's an excerpt from the article:
The political logic seems to be that government must require this benefit because employers are too greedy and heartless to do so on their own. Here's the reality: All forms of paid leave already cost employers an average of $1.76 an hour per full-time employee, or 6.8% of total compensation, according to the Labor Department. Companies don't want disgruntled employees and thus tend to offer benefits that are competitive with their industry and consistent with profitability. Today 85% of employers with 20 or more workers provide tuition assistance, 45% offer adoption assistance, 74% paid sick leave, 57% flex time, and 77% paid vacations.
The article explains that there is a cost associated with requiring employers to provide even more generous paid leave - fewer jobs and a higher unemployment rate.
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