Economic Pressures and the Labor Market
Today, there are over 150 Americans covered as part of an employer-sponsored health care plan and this security blanket is increasingly at risk with an uncertain job market. In fact, today unemployment remains above 10% on the national level and replacement jobs feature many fewer benefits than traditional salaried or union-based positions. The decline in employee benefits is a product of the declining organized labor movement, as Union based employment has fallen below 9% in all sectors (with much higher proportions in the public sector) which is much lower than both the historical average and unionization rates in other developed countries.
According to the AFL-CIO, one of the single largest labor organizers, over 3/4 of all Union workers have some form of health insurance benefits linked to their job. Therefore, the decline in union-based workers has resulted in lower levels of aggregate coverage, especially … Read More