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A comment on Low unemployment isn’t worth much if the jobs barely pay. Parent comment

Re:Low unemployment isn’t worth much if the jobs barely pay by _jal on Sunday January 12, 2020 @12:44PM (#22027676)
> Employers get discounted rates because of how many customers

That's hilarious.

I mean, you are correct that employers bundle employees together. But without massive government intervention during and after WWII, the industry would have been wildly different, and the way the trend began was highly historically contingent:

https://en.wikipedia.org/wiki/Stabilization_Act_of_1942

Econ 101 is insufficient for understanding the world.

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Re:Low unemployment isn’t worth much if the jobs barely pay by CivBase on Sunday January 12, 2020 @01:35PM (#22028101)
I do not want to spread misinformation. If that statement was incorrect, could you let me know how to correct it?
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Re:Low unemployment isn’t worth much if the jobs barely pay by _jal on Monday January 13, 2020 @11:43AM (#22036004)
It is mainly that economic factors regarding employment insurance bundling are side effects of having employment-based insurance, not the cause.

It is very useful to look at other countries - we have lots of natural experiments in health care markets. If bundling were determinative of market structure, you'd see the same pattern elsewhere.

[ Parent | on HN ]