I love vacations, and if I can stimulate the private aviation, lodging and retail industry while enjoying my just reward then I'm all for it. What I'm not for is the government getting its nose even deeper into the pockets and personnel policies of small (or big) business.
Employees and employers have the right to agree on a contract that makes the most sense to those two parties.
Many employees prefer a higher income to vacation days. Even a kid who failed arithmetic (at least in a European school) can tell you that an employer with limited resources will have to cut gross yearly salaries to account for mandatory vacation. The cut is likely to be more than just the wages for five days’ work, however, when you account for scheduling and training expenses in a small business, where every employee plays an important role and job overlap is minimal. This policy will thus directly hurt the business and benefit nobody, while creating a breadth of negative externalities - including for the government since a business that earns less pays fewer taxes.
Employees and employers have the right to agree on a contract that makes the most sense to those two parties.
Many employees prefer a higher income to vacation days. Even a kid who failed arithmetic (at least in a European school) can tell you that an employer with limited resources will have to cut gross yearly salaries to account for mandatory vacation. The cut is likely to be more than just the wages for five days’ work, however, when you account for scheduling and training expenses in a small business, where every employee plays an important role and job overlap is minimal. This policy will thus directly hurt the business and benefit nobody, while creating a breadth of negative externalities - including for the government since a business that earns less pays fewer taxes.
Rep. Alan Grayson was standing in the middle of Disney World when it hit him: What Americans really need is a week of paid vacation. So on Thursday, the Florida Democrat will introduce the Paid Vacation Bill. The idea: More vacation will stimulate the economy through fewer sick days, better productivity and happier employees. So far, no group has come out in opposition of the bill. Nor has anyone announced opposition to roller coaster rides, cookouts on the beach or salt-water taffy on the boardwalk. “There’s a reason why Disney World is the happiest place on Earth: The people who go there are on vacation,” said Grayson, a freshman who counts Orlando as part of his home district. “Honestly, as much as I appreciate this job and as much as I enjoy it, the best days of my life are and always have been the days I’m on vacation.”
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