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> Wages for most people have been stagnant or declining Wage growth has been slower than you'd expect because healthcare is getting much more expensive, so the
by michaelkeenan 16y ago
> Wages for most people have been stagnant or declining
Wage growth has been slower than you'd expect because healthcare is getting much more expensive, so the increase is hidden in a worker's benefits, rather than being revealed in higher wages. Overall compensation is increasing: http://www.marginalrevolution.com/marginalrevolution/2007/10/have-median-wag.html http://www.marginalrevolution.com/marginalrevolution/2007/10...
Unfortunately, most workers don't realize that their healthcare costs have a zero-sum relationship to their wages. This graph shows that point very well: http://voices.washingtonpost.com/ezra-klein/2009/10/will_lower_health-care_costs_m.html http://voices.washingtonpost.com/ezra-klein/2009/10/will_low...)
- jshen 16y agoyes and no. If we look at the economic growth of the past decade a disproportionate amount has gone to the super rich. If it were only healthcare to blame, or even primarily healthcare, then the delta for different income brackets would match historical trends. It hasn't, and healthcare is getting more expensive, and energy is getting more expensive. It's a trifecta that is going to hurt.