Mexico has biggest increase in hourly compensation in 2000
October 03, 2001
Of 29 countries studied by BLS, Mexico had the greatest increase in 2000 in hourly compensation costs, measured in U.S. dollars, for production workers in manufacturing: 17.7 percent.
Korea, with a gain of 15.3 percent, had the next biggest increase in hourly compensation. In the United States, hourly compensation costs in manufacturing were up 3.9 percent.
Hourly compensation costs expressed in U.S. dollars decreased by 11.7 percent in 2000 in both Belgium and Italy—the largest decrease. Compensation costs also decreased in a number of other European countries, including Germany, Switzerland, France, and the United Kingdom.
These data are a product of the BLS Foreign Labor Statistics program. For additional information, see news release USDL 01-311, International Comparisons of Hourly Compensation Costs for Production Workers in Manufacturing, 2000. Note that the statistics for foreign economies presented here reflect fluctuations in exchange rates as well as changes in hourly compensation expressed in each country’s national currency.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Mexico has biggest increase in hourly compensation in 2000 on the Internet at https://www.bls.gov/opub/ted/2001/oct/wk1/art03.htm (visited January 16, 2021).
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