Every percentage point means tens of billions of dollars. |
The concept that the employer is going to take care of things is clearly going by the wayside. We've largely shifted to a defined-contribution approach to pensions. With health care, that's clearly the direction we're heading, for the same reasons. |
We're throwing a tremendous amount of dollars at people like me. I have a nice job and a nice salary. I'm appreciative, but in truth I don't need it nearly as much as someone who is working at the minimum wage who isn't getting that tax break. |