Breakdown of worker’s compensation and health insurance benefit

The table below compares what companies and government have been paying their employees over the past 20 years: the percent share of employer costs for worker compensation and health benefits.

The table shows they paid more in benefits and less in wages and salaries, and that is especially the case among people who work for the unionized public sector.

Of all the different types of benefits, the cost of health insurance has consumed the most of the average worker’s compensation — representing 8.2 cents of a dollar in pay today versus 5.8 cents of a dollar in 1998.

source: Bureau of Labor Statistics

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.