Drop in foreign factory wage costs
September 27, 2001
Average hourly compensation costs in U.S. dollars for production workers in manufacturing in 28 foreign economies declined to 76 percent of the U.S. level in 2000 from 80 percent in 1999.
Compensation costs relative to the United States continued to decline in Canada and throughout Europe in 2000, while relative costs rose in Japan, Korea, Mexico, and Taiwan.
The recent decline of relative compensation costs in 17 European economies studied resulted in higher compensation costs in the United States than in Europe for the first time since 1989. In 2000, average costs in the United States were 7 percent higher than for Europe, after being 7 percent lower in 1999.
These data are a product of the BLS Foreign Labor Statistics program. Data are subject to revision. The Asian newly industrialized economies (NIEs) represented in the chart include Hong Kong, Korea, Singapore, and Taiwan. Additional information is available in International Comparisons of Hourly Compensation Costs for Production Workers in Manufacturing, 2000, news release USDL 01-311.
Bureau of Labor Statistics, U.S. Department of Labor, The Editor's Desk, Drop in foreign factory wage costs on the Internet at http://www.bls.gov/opub/ted/2001/sept/wk4/art04.htm (visited May 22, 2013).
Spotlight on Statistics: Productivity
This edition of Spotlight on Statistics examines labor productivity trends from 2000 through 2010 for selected industries and sectors within the nonfarm business sector of the U.S. economy. Read more »