Re:July 2018 Median Household Income in the U.S.
by HarryHirsch on Sunday October 07, 2018 @10:36AM
(#18160734)
value of employer-provided health insurance that has never been included in the total money income measure
How do you measure the value of that health insureance? You can of course post the sticker price, but the healthcare that the dollar buys you is difficult to measure. Life expectancy tells that the rest of the OECD is there with the US but pays 25 % of the costs.
Also keep in mind that a lot of that intense technological development has resulted in falling costs for a wide variety of goods over time
It's like a certain re-work of the Bible. Their version of Revelation 6 reads : "A pound of bread will now be 90 Euros. But the price of a Porsche will remain unchanged." And we all thought that the Apocalypse of St John was literature, not an accurate prediction of the future! Yes, technological progress can bring down the price of an i-Pad but won't do anything about the rent.
How do you measure the value of that health insureance? You can of course post the sticker price, but the healthcare that the dollar buys you is difficult to measure. Life expectancy tells that the rest of the OECD is there with the US but pays 25 % of the costs.
Also keep in mind that a lot of that intense technological development has resulted in falling costs for a wide variety of goods over time
It's like a certain re-work of the Bible. Their version of Revelation 6 reads : "A pound of bread will now be 90 Euros. But the price of a Porsche will remain unchanged." And we all thought that the Apocalypse of St John was literature, not an accurate prediction of the future! Yes, technological progress can bring down the price of an i-Pad but won't do anything about the rent.