2000 International Comparisons of Hourly Compensation Costs in Manufacturing — 2001-09-25

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, according to the Bureau of Labor Statistics, U.S. Department of Labor. 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.