I doubt it. The UCLA Anderson Forecast exlained that rising benefits costs are to blame for lower wages. Employees’ pay increase is going more and more to their health insurance.
Real hourly wages ” exclude nonwage forms of compensation — health care benefits, employers’ share of social security contributions, and the like. ” This guy says real compensation is up over 1% annually since Bush took office. Maybe so, but if people take home less money every year, they don’t really appreciate that their employer is paying more for health insurance on their behalf. All they know is they have less money in their paychecks. And by that measure employees are definitely falling behind.
