Manufacturing compensation costs in foreign countries and in the United States, 2011
December 21, 2012
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.
|Country||Hourly compensation costs in U.S. dollars (1997)||Hourly compensation costs in U.S. dollars (2011)|
Korea, Republic of
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.
|Country||Percent of U.S. hourly compensation costs (1997)||Percent of U.S. hourly compensation costs (2011)|
Korea, Republic of
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Manufacturing compensation costs in foreign countries and in the United States, 2011 on the Internet at http://www.bls.gov/opub/ted/2012/ted_20121221.htm (visited September 27, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.