Tuesday, August 19, 2008

The real cost of paid sick leave is staggering

The National Federation of Independent Businesses has commissioned a study to calculate the real cost of paid sick leave to Ohio. The results:

  • 75,000 lost jobs.

  • 20% of the job losses to hit businesses with 20 or fewer employees.

  • $1.17 billion in costs to Ohio employers each year.

  • $9.4 billion in lost sales to Ohio businesses over the next 4 years.

Source: Cleveland.com.