That seems more-or-less intuitively plausible, but I often find missing from these discussions, is the aggregate employers' contribution to health insurance pla

That seems more-or-less intuitively plausible, but I often find missing from these discussions, is the aggregate employers' contribution to health insurance plans. If, for example, my employer's contribution to my health insurance premiums go up $500/month - I am going home with $6000 less that year. Now, they probably don't cut my wages, but it's pretty easy to see how they might be frozen for a few years.