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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
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]
[full-text, 10 pages]
Supplemental Files Table of Contents
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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