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Illinois expected to mandate paid leave

Illinois is expected to require paid leave for most employees in the state under the Paid Leave for All Workers Act, which is set to go into effect on Jan. 1, 2024. The law will require employers to give workers time off based on hours worked, and will allow them to use their time off for any reason. Molly Weston Williamson, a senior fellow at the Center for American Progress, joins CBS News' Anne-Marie Green and Vlad Duthiers to discuss.

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A new model: Private equity and employee ownership

All 800 workers at an Illinois factory received an average payout of about $175,000 when their company sold, because they had been made part-owners. It's part of a new business model to tackle wealth inequality, and it's coming from an unlikely force: private equity, which has long had a reputation for layoffs and cost-cutting. National Public Radio's Allison Aubrey talks with workers about their big payday; and with an executive at private equity firm KKR, who believes ownership can increase employee loyalty and boost profits.

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