Manufacturing Compensation Costs

Nice charts from the BLS.   Even though the big countries — China and India — it does give a a sense of the relative competitiveness of nations.

Chart 1 – Average hourly compensation costs in U.S. manufacturing, at $35.53 in 2011, ranked approximately in the middle among 33 countries examined by the U.S. Bureau of Labor Statistics.

Chart 2 – In addition to Norway ($64.15), Australia ($46.29), Canada ($36.56), Italy ($36.17), and Japan ($35.71), countries with hourly compensation costs in manufacturing that were higher than those experienced by the United States were primarily in northern and western Europe. Countries with lower hourly compensation costs were primarily in southern and eastern Europe, Asia, and Latin America.  These countries included the United Kingdom ($30.77), Republic of Korea ($18.91), Brazil ($11.65), Taiwan ($9.34) and the Philippines ($2.01).

Between 1997 and 2011, compensation costs in manufacturing as a percent of U.S. costs increased or remained the same in all economies compared except Taiwan, improving U.S. cost competitiveness.

Dec25_Manufacturing Wage

(click here if charts are not observable)

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