Wages stay Put
According to the Economic Policy Institute, wages may be suffering due to the increase in cost of health care. This surprised many experts who say that wages have maintained stability through the years and is not to blame for the current crisis with health care but statistics show otherwise. The figures show that wages are not increased by employers even in good times to offset the rising cost of providing health insurance for their employees. On bad years they may have to shell out cash but when the going gets good, they tend to get it back fast. This allows them to maintain a respectable profit margin that would cover up for losses of past years. This would explain why many workers have their salaries increase only by a fraction of the increases their health insurance premiums are getting. As the economy goes deeper into recession, the outlook is bleak so do start saving as much as you can for you to weather the storm of this current economic crisis.