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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (52423)2/4/2006 2:00:17 PM
From: bond_bubble  Read Replies (1) of 110194
 
Russ/Mish,
Does this wage increase include health indsurance/benefit increase? i.e if actual salary remains same and benefits cost increase, will it be reported as wage increase? Suppose health insurance premium goes up 10% (and insurance cost per employee/family is about 4K/annum or say 5% of the salary, for lower salary people it could be 7% of the salary as their benefits are lower), then the wage increase would be 0.5% per annum. i.e actual take home salary rose 0.5% less. Is this calculation correct? Or does salary NOT include benefits?

Ofcourse, discarding 20B bonus in wall street, the salary rise could be even lot less. I'm assuming bonuses are part of salary increase.
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