Wednesday, December 19, 2012

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

IWS Documented News Service

_______________________________

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

________________________________________________________________________

 

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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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

 




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