Wage price spiral looks like it's happening in the 60s, but it's actually way weirder.

Aspects of our system were public for unionized workers through the Taft Hartley trust system. This meant that union workers could afford to pay more for Healthcare, which drove up the price for everyone because companies could make more by charging more.

But this correlated with rising wages, since it correlated with union density, so statistically the Healthcare profit price spiral was disguised as a wage price spiral