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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Sunny Jim who wrote (91502)	12/12/2008 3:56:06 PM
From: Chispas	Read Replies (2) \| Respond to of 116555

"Companies That Won't Make it Through 2009" --- 247wallst.com

To: Sunny Jim who wrote (91502)	12/12/2008 6:07:12 PM
From: philv	1 Recommendation Read Replies (1) \| Respond to of 116555

Its a little dated, but here are some wage comparisons in US dollars. " How do wage rates elsewhere compare? The differences are striking. The 2002 edition of The World Almanac notes that for the United States, total compensation, including benefits, was $19.86 an hour in 2000, up from $14.91 in 1990, (according to data on hourly compensation costs in selected countries for manufacturing production workers.) Total compensation in Japan was $22 an hour in 2000, while South Korea was $8.13. Mexico (where a lot of Xbox and other high-volume manufacturing is continuing), was $2.46. Some wonder how much of this electronics industry production will stay there long-term. Among European countries in 2000, Austria was $19.46; Belgium $21.11; Denmark $20.44; Finland $19.50; France $16.38; Germany $22.99; Ireland $12.50; Italy $14.66; Netherlands $19.08; Norway $22.05; Sweden $20.14; Switzerland $21.24; United Kingdom $15.88. Still elsewhere, Canada was $16.16, while Israel was $12.88. Singapore was $7.42. Taiwan was $5.98. Hong Kong (now part of China) was $5.53. Figures are in U.S. dollars, with the source being the Bureau of Labor Statistics, U.S. Department of Labor. Compensation includes all direct pay (including bonuses, etc.), paid benefits, and for some countries, labor taxes, according to the thousand page tome from World Almanac Books. Of course, there are often sharp regional differences within countries that affect site selections. Production remaining in the United States, for example, is likely to gravitate toward the south and southwest, where average annual salaries might be in the $20,000 range, instead of Silicon Valley and other areas where average yearly pay reaches the $40,000 to $70,000 range, with many paid much more. Work in more costly regions increasingly focuses on managerial, research and pilot-line efforts. COPYRIGHT 2002 Reed Business Information COPYRIGHT 2002 Gale Group From: findarticles.com