“The reality of it is not whether or not we want to give it – it’s whether we can give it.”
So says the owner of a small business in Brooklyn responding to the as-yet uncertain fate of a bill being considered by the New York City Council. The proposed legislation seeks to mandate paid time off for all urban workers in select business realms. Those include enterprises in the retail, hotel and food industries that have more than five workers.
NYC Mayor Bill de Blasio is a strong proponent and key driver of the bill, which was proposed earlier this year. De Blasio says that the law’s passage would spell a universal win, especially for company owners.
“Our city’s businesses will benefit from a more productive, healthier workforce,” he recently told one national publication.
Small business owners across the city readily endorse the view that providing workers with more benefits is a good thing. Nonetheless, many of them challenge the bill’s particulars, stressing that they entail costs that many smaller entities simply cannot afford to pay. Its provisions mandate a minimum of two weeks paid time off for each affected worker annually.
A recent article on the bill’s progress and mixed reception underscores both the broad benefits it would bring for workers and the heavy challenges it would simultaneously pose for small business owners. Many smaller entities are already stretched thin by other obligations.
“We worry about the long-term ability and sustainability of [our] businesses,” says one company owner.
We note on our commercial law website at the New York City law firm of Rich Michaelson Magaliff the multiple and broad-based challenges that every metro business faces. Those are ongoing, of course, yet also having the potential in many cases to be proactively dealt with in ways that spur opportunities bringing greater company growth and profit.
We welcome contacts to our established law firm and the opportunity to assist valued and diverse commercial clients with all their business needs.