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From: TimF	9/8/2015 3:58:46 PM
	1 Recommendation Read Replies (3) of 1578729

Obama’s Free Lunch Fallacy: Paid Sick Days Aren’t Free Either Devon Herrick \| Sep 08, 2015 On Labor Day,the Obama administration distributed a news release crowing about an Executive Order the president signed requiring federal contractors to provide paid sick leave. The president would also like to expand this benefit to the estimated 44 million American workers whose employee benefits do not include paid sick days. The president’s proposal would raise the cost of employing workers, potentially reducing their pay and job prospects. Economists have long known that mandatory benefits are not free. Academic research by White House health adviser Jonathan Gruber in the 1990s confirmed workers pay the cost of mandatory benefits through lower wages. Requiring employers to provide paid sick days may sound benevolent, but it would likely hurt the employment prospects of workers most likely to stay home and care for a sick child: low-income, single mothers with small children. Gruber also found the intended beneficiaries of mandated benefits may be less likely to be hired. Fringe (and mandatory) benefits are just one portion of total compensation. Many workers willingly forgo higher cash wages for other types of employee benefits. For instance, most workers prefer to spread 50 weeks of pay over the 52-week year, allowing them to take 10 vacation days and still receive a paycheck for the two weeks they don’t work. Paid vacation days are not free; they merely allow workers to smooth their cash flow. Paid sick leave is similar. If employers are forced to allocate seven paid days off work for illness, theywill have to find other ways to pay for it includingadjusting future pay downward. For a worker making $15 per hour, seven days of paid sick leave is potentially worth $840 in additional gross pay... townhall.com

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