Costs Outpaced 01 Wages
Workers compensation costs for employers grew at a faster pace than wages in 2001, mostly because the economic downturn discouraged rapid salary increases, according to a study released last month by the National Academy of Social Insurance, a Washington, D.C.-based non-profit research group.
According to the report on 2001 benefit and wage levels, 2001 was the first time that workers comp benefit levels rose more than wages since 1992.
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