Relative levels and changes in manufacturing labor wage rates can be used to help managers and executives to partially assess international competitiveness.
Data presented in the following chart are adjusted to U.S. dollars at market exchange rates. Information for the chart extends beyond the electronics contract manufacturing industry.
Hourly compensation figures in U.S. dollars provide comparative measures of employer labor costs but they do not provide inter-country comparisons of the purchasing power of worker incomes.
Eight countries, all of which are in Europe, had higher manufacturing labor wage compensation rates than the United States. Hourly manufacturing labor wage rates were well under US$10 in Mexico, Hong Kong SAR, Taiwan, Portugal, and Singapore.
Information in this chart is the result of a collective effort of three different agencies in the United States Department of Labor over a ten year period from 1994 to 2004 and released in June 2006.
Note: Hong Kong SAR refers to Hong Kong Special Administrative Region of China.
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