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Any commentary on stagnant wages in the United States that does not mention health care is essentially not worth reading.
by jlmorton 12y ago
Any commentary on stagnant wages in the United States that does not mention health care is essentially not worth reading.
- bmmayer1 12y agoExplain?
- jlmorton 12y agoHealth care inflation has been substantially outstripping core inflation for the past several decades (though this trend has slowed, or possibly even reversed, in the past four years). Americans now spend nearly $18 of every $100 produced in the US on health care. For every $100 made in the United States, $1.50 is spent just on hospital administration. Wages are being eaten up by corporate health care expenditures.
- tsotha 12y agoAgreed. The amount employers are paying to employ people has gone up, in constant dollars. But the increase is getting eaten by the increased cost of providing health care.
- forgotpasswd3x 12y agoExcept for all the employees that don't receive health insurance through their employers...
- tsotha 12y agoThe bottom end has been held down by illegal immigration. You don't add eleven million people with sixth grade educations to the job market and expect wages for unskilled labor to go up.
- f3llowtraveler 12y agoIncreased regulation of health care == increased cost of health care.