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via fortune.comEconomy

Soaring health insurance costs are quietly preventing wages from rising higher

FROM THE WIRE · FORTUNE.COM

If employer contributions had instead grown at 3%, which was the pace a few years ago, wage growth would be about 0.2-0.3 percentage points faster today.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishRising employer health costs can slow wage growth, with effects on inflation and consumption.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01If employer contributions had grown at 3%, wage growth would be about 0.2-0.3 points faster.
  2. 023% was the pace of a few years ago.
  3. 03Health insurance costs are rising rapidly.

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