Workers' Comp Costs Grew Faster Than Wages
NU Online News Service, 3:31 p.m. EDT? Workers' compensation costs for employers grew at a faster percentage than wages did in 2001, mostly because the economic downturn discouraged rapid salary increases, according to a new study.
The report, released today by the National Academy of Social Insurance, a Washington, D.C.-based nonprofit research group, also pointed out that the continuing economic volatility has resulted in the slowest growth in U.S. wages in more than a decade.
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