Cannot understand American employer's reluctance to give out PTO. Someone check my logic?
Regardless of PTO granted, the employer is going to be paying $X for 40-hours a week, 52 weeks a year. They're out nothing!
The obvious counter is that they're out that employees productivity. Now think about the places you've worked. Unless it's a fairly high-end, specialized job, the work is getting done regardless. When someone on your team takes PTO, everyone else picks up the slack.
For a large company there is an argument to be made that they have to hire more people to fill in the rotating PTO gaps through the year. A new employee is a significant cost. Recruiting, advertising, HR and IT onboarding, training, and one no one thinks or knows about, the upfront costs of unemployment insurance.