Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (341078)	6/21/2007 7:36:24 PM
From: TimF	Read Replies (1) of 1573924

...If your money income, corrected for inflation, stays constant, but your health care benefits rise to cover the rising cost of health insurance, in recent years, you are better off. Why? The increase in your health care benefits just cancels out the increase in health care costs, but those costs are included in the deflator used for money income. So in fact, you have more purchasing power--your real income has increased. I didn't say that so well. Here's a better way to see it, from analysis by Gary Burtless: www3.brookings.edu cafehayek.typepad.com I'm not sure you can read the figure but here's the gist of it. Between 2000 and 2005, compensation for the average worker rose $3000. But money income was only 29% of the increase. The bulk of the increase was in non-monetary compensation—increases in health insurance, pension contributions and taxes for social security... cafehayek.typepad.com -- Middle Quintile After Tax income bp0.blogger.com engram-backtalk.blogspot.com

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