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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach

School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies

Cornell University

16 East 34th Street, 4th floor---------------------- Stuart Basefsky

New York, NY 10016 -------------------------------Director, IWS News Bureau

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INTERNATIONAL COMPARISONS OF HOURLY COMPENSATION COSTS IN MANUFACTURING, 2011 [19 December 2012]

http://www.bls.gov/news.release/ichcc.nr0.htm

or

http://www.bls.gov/news.release/pdf/ichcc.pdf

[full-text, 10 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/ichcc.supp.toc.htm

 

 

In comparison with 33 foreign countries covered, U.S. manufacturing hourly

compensation costs in 2011 ranked approximately in the middle at $35.53, the

U.S. Bureau of Labor Statistics reported today (see chart 1). In addition to

Australia, Canada, Italy, and Japan, countries with higher hourly compensation

costs were primarily in northern and western Europe. Countries with lower

hourly compensation costs were primarily in southern and eastern Europe, Asia,

and Latin America.

 

Between 1997 and 2011, compensation costs in manufacturing as a percent of

U.S. costs (see table 1) increased or remained the same in all economies

compared except Taiwan, improving U.S. cost competitiveness.

 

AND MUCH MORE...including TABLES....

 

 

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