Seth Grossman's column in today's Asbury Park Press is the best argument against Paid Family Leave that I've read yet:
"Corzine says employees will pay the entire cost of the program through a payroll deduction of one-tenth of 1 percent of wages. Let's check his math.
An employee earning $600 per week would pay 60 cents a week, or $31.20 per year. If he takes 10 weeks of paid family leave that year, he collects $4,000, or roughly 128 times what he put in.
That means Corzine's plan only works if fewer than one in 128 employees takes paid family leave a year. That is unlikely."
1 comment:
THIS MEDICAL LEAVE ACT IS LIKE ANY OTHER INSURANCE. WHEN YOU PAY FOR INSURANCE ON A HOME,YOUR PAYING FOR THE POSSIBILITY THAT WHEN SOMETHING OCCURS,THAT YOU ARE COVERED FOR THE AMOUNT THAT YOUR HOME OR PROPERTY IS WORTH. A FAMILY MEDICAL LEAVE ACT TRULY HAS NO PRICE ON THE FACT THAT WHEN A TRAGEDY OCCURS IN YOUR FAMILY YOU DO NOT HAVE TO WORRY ABOUT HAVING TO PAY FOR YOUR BILLS OR JUST SIMPLY PROVIDE FOR YOUR FAMILY.
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