The apparent divergence between Labor Productivity and earnings has been noticed by various progressive think tanks and is now making its way into public discourse. The divergence is easy to explain.
Tagged: health insurance
So far, the regulations coming out of Health and Human Services are not encouraging. As you might expect, the regulations are being written by people with nice bureaucratic jobs and steady paychecks. They have no idea what it is like to scramble to make ends meet.
Anecdote isn’t the singular of data. But it’s not an exaggeration to say the political success or failure of Obamacare’s model hinges on whether or not young and healthy people behave the same way as I did.