Patrick L. Mason (pmason@garnet.acns.fsu.edu)
Thu, 21 Oct 1999 18:29:52 -0400
Jurriaan:
Please say a bit more about this index. Is this cost per unit of domestic
output? How is index calculated? Is the US ranked 13th with an index of 80
because the productivity of American workers is very high or because
American workers simply recieve very low wages?
Thanks, patrick l mason
At 11:35 PM 10/21/99 +0100, you wrote:
>While we're on the subject of wages, maybe you are interested in some
>statistics on the average labour cost of a production worker in industry in
>Europe, the USA and Asia in 1995, computed as an index by the Institut der
>deutschen Wirtschaft (German Economic Institute), where Holland = 100. The
>list goes as follows:
>
>Country Index number
>1.West Germany 126
>2.Switzerland 119
>3.Belgium 107
>4.Norway 104
>5.Japan 103
>6.Austria 101
>7.Netherlands 100
>8.Denmark 99
>9.Luxemburg 94
>10.Finland 92
>11.Sweden 89
>12.France 83
>13.United States 80
>14.Italy 78
>15.East Germany 76
>16.Canada 76
>17.Australia 67
>18.Ireland 64
>19.Great Britain 63
>20.Spain 58
>21.Greece 35
>22.Singapore 29
>23.Portugal 27
>24.Korea 25
>25.Taiwan 25
>26.Hong Kong 22
>27.Hungary 13
>28.Poland 10
>29.Czech republic 9
>30.Slovak Republic 8
>31.Thailand 8
>32.Malaysia 7
>33.Bulgaria 5
>34.Roumania 4
>35.Indonesia 3
>36.Russia 3
>37.China 2
>
>In solidarity,
>
>Jurriaan
>
>
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