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PamGH August 9th, 2016 4:09am

Ct - 1st state to required paid sick leave (2012). According to research 1/3 of businesses reduced employee benefits to compensate for costs due to the law. 1/5 of the businesses either raised prices or reduced staffing levels. Who wins here?

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rons Thanks America
08/09/16 5:45 am

Businesses that have slim margins will suffer the most and will cut to maintain a profit. They are not holding charity events.

bartman71 USW
08/08/16 9:47 pm

Corporate greed.

Maj Worth Economist
08/08/16 9:37 pm

The blurb you linked to makes no sense to me.

“While older employees seem largely un-impacted by the law, younger employees in Connecticut aged 20-34 saw a 24-hour reduction in annual hours worked. For a part-time employee in the service industry, that’s the equivalent of roughly one lost week of work per year. These employees lost $850 per year in annual income, the equivalent of 3.5 fewer pre-tax paychecks for someone working part-time at the state’s minimum wage.”

There's a problem here. The hours cut equal about a week's worth of time lost, but the wages are not in line with that. If you divide $850 lost by the 24 hours lost, it comes out to a wage of $35.41 per hour. I don't think that's right.

Maj Worth Economist
08/08/16 9:38 pm

From the results of the actual study:

"Overall, hours do decrease by about 10 per year, but the impact is only weakly statistically significant. There is a lot of noise in the estimate, and it is difficult to say with much confidence that employers are cutting hours. Income seems to decrease by about 500 dollars, but the estimate is too imprecise for us to assert anything about the average impact of the law on annual income."