Rising health costs cut into wages
Washington Post, March 24, 2008
Employees and employers across the country are getting squeezed by the price of healthcare, and the struggle to control health costs is viewed as crucial to improving wages and living standards for working Americans. Because employers are paying more for healthcare and other benefits, it leaves less money for pay increases. Benefits now devour 30.2% of employers' compensation costs, with the remaining money going to wages, according to the Labor Department.