Hourly compensation for American workers has increased 60 percent since 1970. Hourly take-home pay has barely increased at all.
What’s the difference? Financial analyst Barry Ritholtz said it is the rising cost of health insurance.
Most American workers are probably better off taking their employer-based health insurance than they are taking their entire compensation in cash and trying to buy insurance on the open market.
Either way, we’re paying more for medical care, and getting less for our money, than citizens of other industrial countries.
Why Better Wages Are Tied to Healthcare Costs by Barry Ritholtz for The Big Picture.