Among the highlights:
• If all employees used all five paid sick days, the average cost to an employer that currently provides no paid sick days to any employees would be 0.40% of sales.Says EPI: "The data clearly show that the potential cost of providing paid sick days is in fact extremely small relative to the total sales of a firm. In addition, available research shows cost-savings for employers that provide paid sick days, largely resulting from reduced employee turnover."
• Among workers who currently have access to five paid sick days, the industry-weighted average number of days taken is 2.41 days; if employees used this average number of paid sick days, the total cost would be 0.19% of sales.
It would be interesting to see similar research brought to bear on Philadelphia, but I'm guessing the outlook wouldn't be all that different. In any case, if I were running a business, I'm not sure why I'd want to put my employees in the position of coming to work sick—infecting other employees, my customers, and even me. Based on EPI's memo, such burdens appear unnecessary.