IWS Documented News INTERNATIONAL

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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INTERNATIONAL COMPARISONS OF HOURLY COMPENSATION COSTS IN MANUFACTURING, 2008 [26 August 2010]

http://www.bls.gov/news.release/ichcc.nr0.htm

or

http://www.bls.gov/news.release/pdf/ichcc.pdf

[full-text, 25 pages]

and

Supplemental Files Table of Contents

http://www.bls.gov/web/ichcc.supp.toc.htm

 

 

The trade-weighted average of hourly compensation costs in U.S.

dollars for all employees in manufacturing among 32 foreign economies

was 85 percent of the U.S. level in 2008, increasing from 82 percent in

2007, according to data issued by the U.S. Bureau of Labor Statistics.

(See chart 1.)  Compensation costs relative to the United States rose or

remained unchanged in 28 of the 32 foreign economies covered in 2008. 

(See table 1.) This news release contains data for all employees and

production workers. (See discussion on page 3, table B, and table 7.)

A note on labor costs in China and India appears on page 4 of this

release.

 

In the United States, hourly compensation costs for all employees in

manufacturing rose 2.4 percent from the 2007 level to $32.26 in 2008.

When measured in national currency terms, trade-weighted average costs

increased 3.5 percent in the combined 32 foreign economies in 2008. The

value of foreign currencies rose 3.1 percent against the U.S. dollar

resulting in a rise in hourly compensation costs in the foreign economies

of 7.2 percent on a U.S. dollar basis. (See chart 2 and table A.)

 

AND MUCH MORE...including TABLES....

 

 

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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