U.S. Manufacturing Industry in a Global Context

The manufacturing industry is one of the focal points in regenerating the American economy.  What does it mean to create these types of jobs in this country?  Recruiters may want to know that when they investigate a new industry that creates goods, the costs to compensate these hard-working people is pretty high.  In the United States, the hourly compensation for the average manufacturing worker is $33.53.

The struggle for fair wages constantly challenges company standards for worker compensation.  This year saw some headway in compensating American workers with hourly wages on par with European laborers.  During the last year, U.S. hourly compensation costs rose about 4 percent from the previous year to $33.53.  This hourly compensation is still lower that in twelve European countries and Australia.  That said, American manufacturers were better paid than workers in twenty other countries, according to the data from the Bureau of Labor Statistics.

Distinctions in salaries were extremely notable.  The eight countries with the highest costs in Europe were 30-60 percent higher than the U.S. level, but costs in Canada and Japan were about ten percent lower than the United States.