Small business owners in Minnesota are worried they might have to close their doors over cost concerns once a new billion-dollar paid leave takes effect in 2026.
brace for economic impact after the state passed a billion-dollar paid leave law, prompting concerns that the cost might be too much to bare. during"Fox & Friends,""We have to with the sick and paid time off, we have to accrue… up to 48 hours every year for each employee that we have, which will be an expense to our financial statement and make things very difficult," Jerrilynn told Joey Jones Tuesday.
But while proponents of the law have backed the measure citing equality in the workplace, small business have been concerned about the financial impact it will have on their bottom line. Employers can deduct half of their premiums from workers' wages. The law contains protections against retaliation for workers who take the time off. It also includes premium relief for smaller companies.
"We have 20 people. How do you expect us to pay for this and have an employee… come in and sub because it could be up to five months?" Jerrilynn said."There is a million different routes."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'House of the Dragon' Season 2 Is Filming, But George R.R. Martin's HBO Deal 'Was Suspended'HBO Suspends Overall Deal With 'Game of Thrones' Creator George R.R. Martin
Read more »
Porsche Increases Formula E Commitment Through 2026 | CarscoopsThe move could prove vital both for Porsche and for Formula E itself car auto cars
Read more »
Progressive petri dish: Minnesota's new laws put thousands of businesses on the brink of ruinThe Washington Examiner went to Minnesota following news that the state's Democrats, the Democratic-Farmer-Labor Party, had fast-tracked one of the most liberal agendas in the country. What we found was a struggling Republican Party, angry small-business owners, and a complete stonewall from…
Read more »
South Florida Underclassmen Offensive & Defensive Linemen to Watch - CanesCountyA breakdown of the trench prospects and targets to watch locally in 2025, 2026, and 2027 this season
Read more »
Vikings’ Jordan Addison claims dog ‘emergency’ as excuse for driving 140 mphMinnesota Vikings wide receiver Jordan Addison has an interesting explanation for his 140-mph ride.
Read more »