Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

International Comparison of Hourly Compensation Costs in Manufacturing

News release: “Manufacturing hourly compensation costs in the United States in 2010 were lower than in several northern and western European countries, Australia, and Canada, but higher than in the United Kingdom and 19 countries in southern and eastern Europe, Asia, and South America, the U.S. Bureau of Labor Statistics reported [December 21, 2011]. U.S. hourly compensation costs rose about 2 percent from the previous year to $34.74. From 1997 to 2010, U.S. compensation cost competitiveness in manufacturing improved relative to all but five countries covered: Brazil, Germany, Japan, the Philippines, and Taiwan.”

  • Related postings on financial system
  • Sorry, comments are closed for this post.