Raw Data: A Lost Decade for Workers

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Here’s a chart showing how much health insurance cost in 2000 vs. 2010:

To summarize: for singles, the employer share of health insurance has gone up from about $2,000 to about $4,000. That’s a $2,000 increase. For family policies, the employer share has gone up from about $5,000 to $10,000. That’s a $5,000 increase.

If you figure that policies are split about 60-40 in favor of family policies, that’s an average increase per worker of around $4,000. Adjusted for inflation, that’s about $3,000 in extra benefits that we’re getting in our pay packets.

Data for cash income is only available through 2008, but it’s certainly gone down since then, which means that average real cash earnings during the past decade have probably gone down from $39,000 to about $37,000 or so. Add back in the value of the healthcare premiums we get, and average income has gone up from $39,000 to $40,000. This is all back-of-the-envelope stuff, but it’s close enough to get a pretty good idea of how much average income has gone up over the past decade. Answer: a whopping 0.2% per year.

I won’t bore you with a comparison to the increase for the super rich. You’d just get depressed.

UPDATE: Aaron Carroll says things are even worse than I suggest here. If you look at trends in benefit levels, copays, deductibles, and premium costs, the non-healthcare portion of worker income may have actually declined over the past decade. Are we all getting better healthcare for all this extra money? Maybe. But it’s no surprise that families are feeling squeezed by this.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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