Quote (Subwoofer @ 5 Feb 2022 10:23)
All wages are a loss to the one working. Thats why profit exist.
You realize that personal health insurance is widely more expensive than company plans, right?
1.2k a month was what I was offered after leaving Halliburton to keep the same insurance because they even covered fertility treatments and in virto fertilization for families that wanted to use that part of the plan....this was the most basic offered and cost me $100 a month for tons of benefits that would bankrupt me.
Sorry you think benefits aren't beneficial I guess......
Guessing you meant that all wages are a loss to the employer, as opposed to the worker, no?
See, the problem with trying to call company group plan insurance a "wage" or "benefit" is that a healthy 20 year old may not want insurance at all, and quite frankly, they probably don't need it. Why should a 20 year old starbucks worker making $15/hour 40 hours a week, grossing around $2500/month, already watching $500 go away in taxes, $1000 going away in rent, another $500 going away in utilities, food, cleaning supplies, etc. and the majority of the remaining $500 going away in transportation costs want or be willing to spend $400-$600/month on some insurance plan that would cost $1400 on the open market? Like, seriously, they're a healthy young adult. Why are you assuming they need insurance at all? The standard excuses of "well a simple doctor's visit can cost $200!" Okay? So that means what, to justify your insurance you need to visit the doctor 2-3 times a month? "Even a simple surgery like an Appendectomy can costs $20,000!" Okay? So you're going to pay for insurance that you don't need for 40 years based on the idea that you may end up requiring a surgery that would require 4 years worth of insurance payments to pay off directly? And let's not even figure in the fact that even most group insurance plans have premiums that require that anywhere from the first $2000 to $5000 per year has to come out of your pocket, not theirs.
One of the things the ACA did was make it so you can simply not get health insurance until/unless you need it, and they can't refuse you simply because you've got a condition. Given enrollment periods, that may not help for something like an emergency appendectomy, but it would definitely assist your bank account, stock portfolio, etc. to simply invest that $400-$600/month as opposed to putting it into a financial service that is unlikely to benefit you until you hit your 50's or 60's. The fact that young healthy single people ever buy into the insurance scam is purely laughable. And calling it a "benefit" to the employee is dumb. It's just a way to pay fewer direct per hour dollars.
I suspect if you asked that Starbucks worker, "Hey, we can give you a raise to $25/hour. All it'll require is that you no longer get any paid vacation (unpaid is okay though), 401K company match, employee stock purchase plan discounts, or group health insurance plan discounts. Is that better, or would you prefer your current 'benefits' and keep earning $15/hour?" What you'll find is 99% of starbucks workers will answer, "I'll take the $25, like, why are you even asking?" And the 1% who answer differently? Are nearing retirement age and/or have current and active health issues.
This post was edited by InsaneBobb on Feb 5 2022 12:47pm