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For more than twenty years I have been speaking about demographic change to workers’ compensation insurers in the hopes of spurring policy changes in advance of an aging workforce and greater numbers of older workers in the workplace. Workers’ compensation and occupational health and safety are not keeping pace. in (Q1 2002).
Workers with permanent disabilities often don’t have those options. The monthly workers’ compensation amount they receive may have sustained them initially but unless it is adjusted for the cost of living, permanently disabled workers will see the buying power of their workers’ compensation income decline with each passing year.
The focus on employee welfare started post-World War II when retirement and pension plans appeared as the biggest forms of employer care. John Dunlop was among the first to discuss the interaction of three major groups—management, workers and their personal organizations, and the government.
While stable sounds like a positive word, their research implies that the pay inequality between men and women is similar to the numbers from 2002, with women earning 82 percent of what their male counterparts earn. Employment laws exist to safeguard the interests of workers and ensure fair hiring and pay equity for all employees.
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