Here’s another reason to love Ikea, the assemble-it-yourself furniture giant: The company recently expanded parental-leave benefits for its 13,000 workers based in the United States. Now employees can take up to four months of paid time off following the addition of a child to their family.
But this story should really give us a reason to love free enterprise. In a competitive labor market, companies will offer workers more and greater benefits in order to attract and retain them. Competition, not a government mandate, is the better way to increase compensation and increase prosperity for firms and workers alike.
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