Harms small business
Commentary
The Great Regulation Charade
Cry Wolf Quotes
Small businesses can and do fail because of this. There is a cost, both in dollars and in disruption. The cost in dollars is the cost of a temporary worker for which the company pays a premium, the training of a replacement worker and the overtime paid to remaining workers who help fill in for that absent employee.
This is why NJBIA and its member companies have been fighting passage of a paid family leave mandate in the Legislature. Despite its good intentions, the mandate would greatly impair the ability of employers to operate their businesses and meet their customers' needs. NJBIA members have sent 50,000 messages to legislators and the governor opposing it. Yet, state policymakers seem to be oblivious. We are teetering on the edge of recession, we are losing jobs, and they want to impose a huge new mandate that has been adopted by only one other state, California...What New Jersey needs now, more than ever, is to have its government leadership focus fiercely on what can be done to strengthen the state's business climate and create new jobs. Businesses are tired of elected officials who say they support a growing economy and small business, only to take actions that contradict their words, like voting for paid family leave.
Main Street non-financial businesses would be hit with taxation, regulation, and possible nationalization by the Federal Reserve.
[The bill would] have a dramatic impact on the ability of consumers, small businesses, students, and others to get credit at a time when our economy can least afford such constraints.
