WORLD - Global Hourly Compensation Costs

Arno Froese

In comparison with 33 foreign countries covered, U.S. manufacturing hourly compensation costs in 2011 ranked approximately in the middle at $35.53, the U.S. Bureau of Labor Statistics reported. In addition to Australia, Canada, Italy, and Japan, countries with higher hourly compensation costs were primarily in northern and western Europe. Countries with lower hourly compensation costs were primarily in southern and eastern Europe, Asia, and Latin America.

Between 1997 and 2011, compensation costs in manufacturing as a percent of U.S. costs increased or remained the same in all economies compared except Taiwan, improving U.S. cost competitiveness.

-https://www.bls.gov/news.release/pdf/ichcc.pdf

Arno's commentary

The United States came in 16th place, with $35.53/hour, followed by the UK at $30.77/hour. It is of interest that the top 15 nations with the most expensive manufacturing hourly compensation are all in Europe, except Australia, Canada, and Japan. Another very significant statistic shows that countries with low wage manufacturing compensation are significantly higher in their crime rates.

The Bureau of Labor Statistics at the US Department of Labor has discontinued updating this statistic, by publishing this notice: “Even though the International Labor Comparisons program has been discontinued, anyone interested in learning more about the methodology and underlying data used for the program can contact the BLS.”

What does it mean? Simply that tremendous changes have taken place during the last five to seven decades. US manufacturing hourly compensation back in the 1950s and 60s was the highest in the world. Today, one sees the change that has occurred. The reason, we believe, is that Europe represents the fourth and last Gentile superpower. The rest of the world will follow in their footsteps, to make the ancient Roman Empire the global leader—fulfilling their own motto, “United in diversity.”

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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