"The cost of mandated seven days paid-time off is pure overhead cost. It is money taken away from money we could use to improve productivity," responds Michael Fredrich, President of Manitowoc Custom Molding, a Wisconsin-based manufacturer.
According to Fredrich, there is no way U.S. firms can compete with China and other countries on labor costs. The only way to compete is on productivity, he says, which is a function of capital employed. Fredrich says the proposed mandate would make the U.S. even less competitive.
He's exactly right. We're not going to be able to compete with China's use of slave labor and sweatshops in terms of cost, so the only thing we can do is be a lot more productive. There's a reason why part time people are part time. It allows them the flexibility to take care of things in their personal life. If they can't afford to be sick because money is so tight, maybe they should ask for more hours or get a full time job that does provide sick time like the rest of us have.
Ted Kennedy will never feel the pinch that this legislation will do. That's why he doesn't care about the small business owners who will feel the pinch. Every so often Ted will put on an act like he cares about "the little guy", but the bottom line is that those additional costs will be paid for by you and me.
Travis
travis@rightwinglunatic.com
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