Donald Luskin,PoorandStupid.com
Workers Wages will go down if Obamacare Passes
It’s going to hammer labor wages. Here’s a technical paper by two scholars from pay and benefits consultant Watson Wyatt [you can download it,but first there's a simple and free registration procedure]. A very well-informed reader who asked for anonymity sums it up nicely:
A lengthy study co-authored by Steven Nyce and Syl Schieber was released today that could well have devastating implications for the health care reform debate if it’s widely disseminated and properly understood. (Syl Schieber is a noted pension/benefits expert with Watson Wyatt. He’s currently chairman of the Social Security Advisory Board,and served on the Clinton Administration’s Social Security Advisory Council of 1994-96.)
In a nutshell,the study models the costs to worker wages of expanding health care coverage,under various health care cost inflation scenarios.