Chart of the Day: International Manufacturing Compensation Costs Compared

By Global Macro Monitor On Dec 23, 2011

Great data from the BLS comparing hourly compensation for manufacturing. The second chart looks at the benefits component of the hourly cost.

The data are from 2010 and sensitive to exchange rate movements. We will post a follow-up chart in the next few days looking at the 2009-10 change in hourly compensation, breaking out the changes in wage and benefits versus the FX component. Stay tuned!

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7 Comments

Gary Hitesman says 13 years ago

What is the story with Norway?
1. Anonymous says 13 years ago
  
  See footnote #3.
rice cake says 13 years ago

Where is China?
auntienene says 13 years ago

Norway actually has a labor shortage.
jakelamont says 13 years ago

Look at MEXICO. FREE health care. Lots of Americans move there because for a VERY low premium they can get the same benefit.

An engineer from Norway once told me that while everyone lives pretty well, few people there are actually wealthy, that income is more equal and compensations are public. It is considered an obscenity to make an extraordinarily large amount more than other people.

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