The longest economic expansion inU.S. history continues to provide minimal returns for a largeportion of the workforce, with very little wage growth for theworking and middle class. Little has been done to boost attainmentof the American Dream.

Across the country, American workers are demanding higher pay.And with continued low unemployment, they should have the power toforce their point. Unfortunately, the problem for many employers isthat while they are seeing revenue growth, much of that new moneythat could be directed toward employee wages is instead propping upincreasingly unaffordable employee benefits.

We just saw this play out between GM and the United Auto Workers union, andmore recently between the Dedham, Massachusetts EducationAssociation and the Dedham School Committee. In fact, reducing health insurance contributions wasso important to the teachers in this latter group that theyinitiated a strike — the first in 12 years — even though it wasillegal to do so.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.