Whither New Jersey? Or is it Wither New Jersey?

By March 19, 2008Human Resources, Labor Unions

NJ Business Matters has updated developments around the proposed legislation to mandate paid leave, noting Senate President Codey wants a special voting session on the bill by April.

And new unemployment figures show another 1,700 jobs lost in February, including trade, transportation and utilities (-2,800), manufacturing (-1,100), and construction (-500).

In an earlier post, NJ Business Matter also posts a memo on the paid family leave bill from Assembly Republican Leader Alex DeCroce. A good point-by-point primer on the anti-business, anti-jobs nature of the billl. Key facts:

According to an article in the Wall Street Journal on June 20, 2007, the federal Department of Labor estimates that paid family leave programs cost employers an average of $1.76 per hour per full time employee, or 6.8% of total compensation. Using the above hourly estimate, a company with just ten full-time employees would see an increase of approximately $36,608.

What a terrible idea.

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