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Thread: Anyone take a look at Google's Schmidt's middle class wage increase challenge?

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  1. #1
    Join Date
    Sep 2007
    New England

    Default Anyone take a look at Google's Schmidt's middle class wage increase challenge?

    Goal is to raise 100,000 middle class workers' salaries by $10k each by end of 2021. They just extended the date to December. Here are the details.

    Looking through it, though, I realized the goal covers total compensation. If healthcare costs rise by about 8% per year on an average cost family plan, you're halfway there. Get about a 3% inflation rate too on a $50k salary, and you just might be able meet the goal without increasing real wages at all. Cynic in me wants to copy/paste standard union contract with 3% annual wages and submit it as my "unicorn idea."

    But it is another interesting way to look at why wages never go up in America. It can easily cost a billion more to employ 100,000 people at median wage with constant health benefits by the end of 2021 than it does today, and all that without employees seeing any real benefit from it whatsoever. Maybe half of that will be eaten by inflation. The rest will be sucked into the voracious maw of the healthcare sector. A broken arm will cost double what it does today in 10 years, and costs double today what it did 10 years ago. And it's the same x-ray and 5 minute application of a roll of shitty fiberglass that it has been for 40 years.

    In so many ways, the central problem of the American economy is healthcare. We've got to get off this merry-go-round and make the madness end. We're so addicted to the market, or even illusions of the market, that we're willing to sacrifice all our upward mobility and discretionary income to it. It's madness.
    Last edited by dcarrigg; 11-17-18 at 02:19 PM.

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