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Edited on Sat Aug-15-09 01:08 PM by kentuck
As we know, the majority of Americans get their healthcare thru their employers. Also, as we know, last year was the lowest increase in wages in history. Wages have a direct connection to our employer-based healthcare. As employers pay more to insure the employees, there is less and less to pay for wage increases. At least, that is the excuse that employers use as of late, However, last months numbers show a 6.2% in productivity and a 5.8% decrease in labor costs? As there is less and less money in the pockets of working people, there is less and less to spend in our economy. And just when we need it the most.
In the most simple and basic terms, employer-based healthcare is a drag on our economy when we need more money in the pockets of consumers. We are on a deep and long slide into a recessionary economy if we do not make changes in our present healthcare system. Workers' standard of living will continue to decline and more and more will accumlate to the top 1% in our economy. Much of the blame can be tied directly to employer-based insurance coverage.
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