"This is well grounded in economic theory and empirical evidence." Except for the part that it isn't. http://www.vox.com/2015/10/2/9439993/cadillac-tax-teachers …
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@emptywheel I mean they would say that proves their point because higher HC costs driving wage stagnation.The stretch is proving the reverse -
@ddayen Yes, they would. Even the ones that point to the gap bt productivity and wages elsewhere.
End of conversation
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@emptywheel Because tightness of labor markets has nothing to do with compensation trends, only HC costs -
@ddayen Also note the data show no impact from switch to HMOs in Clinton era, which they should. -
@emptywheel The sum total evidence appears to be repeating the phrase "This is well-grounded in economic theory & empirical evidence." -
@ddayen Yes. "In an ideal world where workers have negotiating leverage this will work 100% of the time"
End of conversation
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