JSFiddle - React, Tailwind, and code Playground

HTML

<form>
    <div class="field">
        <label class="placeholder" for="email">
            Email Address
            <span class="red">*</span>
        </label>
        <input id="email" type="text" />
    </div>
</form>

CSS

.field {
    position: relative;
    height: 30px;
    width: 200px;
}
input, label {
    position: absolute;
    top: 0;
    left: 0;
    bottom: 0;
    top: 0;
    background: transparent;
    border: 0;
    padding: 0;
    margin: 0;
    text-indent: 5px;
    line-height: 30px;
}

JavaScript

$('.field input')
.on( 'focus', function () { $(this).siblings('label').hide(); } )
.on( 'blur',  function () { if ( !$(this).val() ) $(this).siblings('label').show(); } );