• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Current price of oil as of June 23, 2026

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Current price of oil as of June 23, 2026
Successpaid leave

‘It just drives the cost up’: 40 hours per year of mandatory time off in Illinois is just too much to ask for some local entrepreneurs

By
Claire Savage
Claire Savage
,
Kathleen Foody
Kathleen Foody
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Claire Savage
Claire Savage
,
Kathleen Foody
Kathleen Foody
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
March 14, 2023, 7:33 PM ET
J.B. Pritzker
Illinois Gov. J.B. Pritzker signs into law the Paid Leave For All Workers Act as Illinois House Speaker pro-tem Jehan Gordon Booth, left, Lt. Gov. Juliana Stratton, second from left, and Senate Majority Leader Kimberly Lightford, right, watch on Monday, March 13, 2023, in Chicago. AP Photo/Charles Rex Arbogast
Add Fortune on Google for similar content.

Doug Knight’s family has owned Springfield amusement park Knight’s Action Park since 1930, himself for 43 of those years.

The pandemic was a bear — Knight fought to keep his doors open, and when they closed for COVID-19, he pushed to reopen as soon as possible. Inflation, too, has been an obstacle. From inflatable inner tubes to chlorine for the pools, prices have risen for “everything we buy,” and now a new Illinois law represents “another bump on the road” for business owners, he says.

On Monday, Illinois became one of three U.S. states to mandate paid time off “for any reason,” up to 40 hours per year for full-time employees. Small business owners in Illinois say they know the importance of taking care of their workers, but some view the paid leave requirement as a government-imposed burden.

“When you hit the big bump and go off the cliff, what does that do for ya?” Knight said.

The legislation takes effect on Jan. 1, 2024. Employees will accrue one hour of paid leave for every 40 hours worked up to 40 hours total, and can start using the time once they’ve worked for 90 days.

Knight and his brother, a co-owner, mainly employ seasonal employees not covered by the measure, but they will have to provide paid leave for 10 year-round workers. The veteran business owner said he isn’t worried and will juggle whatever comes next, though consumers will ultimately pay the difference.

But proponents argue the policy supports both business owners and workers, and that guaranteeing paid leave will foster a healthier, more productive workforce.

“When folks have the kind of paid time off they need, they’re able to stay home when they’re sick,” said Molly Weston Williamson, who tracks paid leave policy at the research and advocacy group Center for American Progress.

For business owners concerned that the law will cause added strain amid difficult economic conditions, Williamson pointed out that Chicago and Cook County have had similar ordinances in place since 2017, and fears of devastating economic consequences never panned out.

In fact, “our economy can’t afford not to provide these benefits,” Williamson said. “We can’t afford to pay for folks who are losing their job. We can’t afford to pay for folks who are getting sicker because they’re not getting the care they need. We can’t afford the impacts on our health care system.”

Rep. Jehan Gordon-Booth, a Peoria Democrat who sponsored the legislation, said at Monday’s bill signing that the law in particular will help low-wage workers, who are those less likely to have paid time off and who are disproportionately Black, Latino, and women.

“Thanks to this measure, workers have the peace of mind that they can take care of themselves today without worrying about the consequences tomorrow,” Gordon-Booth said.

Christell Frausto, a co-owner of TequilaRia Wine and Spirits in Peoria, said she sees paid leave as “an investment” and hopes other business owners will too.

Frausto, 38, said she already accommodates employees needing flexibility for emergencies, illness or personal events. She opened the boutique-style store focused on specialty products including women-owned brands and organic, gluten-free or low-calorie options two years ago.

The pandemic was a clear sign that prioritizing workers is a necessary strategy for business owners, said Frausto, who hopes the lead-up to the law taking effect will give them time to budget and prepare.

“They’re part of my team,” she said of her employees. “My interest is to take care of them just as much as my customers. I have to make sure they have a balance in life and work.”

For Sandy and Dave Schoenborn, a couple who own the Lincoln Theatre in Belleville, Illinois, the state mandate is a major concern. “I’m pretty worried,” Sandy Schoeborn said. “Unless business gets better, it’s gonna be a strain.”

Paid leave is something employees should earn, not be entitled to, she said. “I can’t say no. If if I have a big event coming up and everybody decides to take off, I’m in a world of hurt.”

Knight, the Springfield amusement park owner, said he does his best to take care of his employees. “If they have a reason, they can take off a day” without pay, he said.

“Car broke down, mom’s sick, gotta take the dog to the vet… they’re all important to the staff. But you can’t close your business because everybody wants to take off cause there’s a concert,” he said.

The pandemic, inflation, utility prices — “it just all seems to be piling up,” and mandatory paid leave is now another hurdle for business owners.

“It just drives the cost up, drives the prices up, and the consumer pays the bill,” Knight said.

____

Savage is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.

Fortune's CFO Daily newsletter is the must-read analysis every finance professional needs to get ahead. Sign up today.

About the Authors
By Claire Savage
See full bioRight Arrow Button Icon
By Kathleen Foody
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

Matt Garman
Successthe future of work
Amazon exec says AI won’t wipe out white-collar jobs—and is hiring 11,000 grads and interns, and has more developers than 2 years ago to prove it
By Preston ForeJune 24, 2026
4 hours ago
t
CommentaryWhite House
Trump mistakes the bully pulpit for bullying leadership — history’s villains were never heroes
By Jeffrey Sonnenfeld and Steven TianJune 24, 2026
7 hours ago
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
SuccessCareer Advice
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
12 hours ago
Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
SuccessBrainstorm Tech
Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
By Rachel VentrescaJune 24, 2026
12 hours ago
The hidden cost of your AI rollout: burning out the high performers running it
Workplace Cultureburnout
The hidden cost of your AI rollout: burning out the high performers running it
By Mikaela Cohen and HR BrewJune 23, 2026
22 hours ago
dr
HealthCancer
The U.S. cut cancer deaths by 34% since 1991—but not in 458 rural counties
By Arthur Cosby and The ConversationJune 23, 2026
1 day ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
1 day ago
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
12 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
1 day ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
1 day ago
Current price of gold as of June 23, 2026
Personal Finance
Current price of gold as of June 23, 2026
By Danny BakstJune 23, 2026
1 day ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.