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> It is suggestive that the timing of the US surge in CDS prevalence coincides with the late 1970s when wages stopped tracking increasing work productivity. I
by civilized 5y ago
> It is suggestive that the timing of the US surge in CDS prevalence coincides with the late 1970s when wages stopped tracking increasing work productivity.
I don't agree with the authors' summary of their own graphs. If you look at the graphs, it's more like "cognitive distortions hit an all-time low around 1980, began slowly inching back up from 1980-2000, then accelerated more rapidly upwards after 2000, leading to a clear trend break by 2005 or so."
I've also heard conflicting info about this and would like a more definitive analysis if anyone knows of one. I've seen people claim that total comp, including especially health care benefits, did not stagnate and continued to track productivity.
- kian 5y agoIt feels quite possible to me that, despite total comp tracking productivity, wages ceasing to track work productivity could still cause increased anxiety due to a lack of choice in how to spend that fraction of compensation. Health Care as a job benefit ensures that that fraction of compensation is always spent on health services, at minimum. In many ways it is more of a subsidy to health insurance companies and health care providers.