In his sixth State of the Union address on Tuesday, President Obama plans to propose his third costly mandate for low-wage employers — up to seven days of paid sick leave per year.
If you count both proposals for minimum-wage hikes ($9 an hour in 2013 and $10.10 in 2014), this year’s will be No. 4. The first was ObamaCare, with its employer mandate to offer affordable health coverage or pay a fine.
Together, they could raise the cost of employing a full-time minimum-wage worker by as much as $5.06 an hour — a 65% jump vs. base compensation in states aligned with the $7.25 federal minimum.