The minimum wage set by local governments must be 37 cents per hour. Because of efforts such as these, the minimum wage in each state varies. Oregon pays Manufacturing Workers the most in the United States, with an average salary of $38,334 per year, or $18.43 per hour. Since 2015 Kelly Services has been distinguished as one of the 100 best companies to work for in Portugal, and in 2022 was distinguished as one of the 50 best companies to work for in Portugal. (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. Austin, Texas, is one of the most high-tech specialized cities in the country, with 53.6 percent of manufacturing jobs classified as high-tech compared to the national average of just 16.1 percent. * Indicates "Economy of [country or territory]" links. Covering all aspects of labor markets, from monthly development to long-term trends. We search every job, everywhere so you don't have to. 0000015523 00000 n You can only download this statistic as a Premium user. Track the state of the business cycle for 12 global economies across Asia and Europe. All contract manufacturers have to pay their bills. 5600 W. Lovers Lane You must abide by all copyright notices and restrictions contained in Our Sites. Factory worker wages in the United States continue to be significantly higher than the average wage of an individual factory worker. hA 04o\GczC. Bloomfield Hills, MI 48302 The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . Organisation for Economic. You want to get a contract manufacturer in a country where raw materials are high-quality, affordable, and readily available. Please create an employee account to be able to mark statistics as favorites. While theres some truth to it, its still a myth. Average annual wages per full-time equivalent dependent employee are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of average usual weekly hours per full-time employee to average usually weekly hours for all employees. The primary source for cross-country statistics on the labour market. "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. +52 (777) 319 9290 x 121 However, a higher wage level in absolute term does not necessarily mean a more decent pay. Get a free salary report tailored by income, experience, and education. Tools to understand human capital management and corporate performance. Manufacturing workers make the most in Oregon, North Dakota, Washington, Alaska, and Connecticut. Table 1. View Top Manufacturing Executive salary data across 634 cities in Mullinville, KS. TCB reserves the right to deny any request. API users can feed a custom application. Read more about the advantages of manufacturing in Mexico. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Civac, Jiutepec, Morelos We search every job, everywhere so you don't have to. Read more about the advantages of manufacturing in Mexico. Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). The Conference Board is the global, nonprofit think tank and business membership organization that delivers Trusted Insights for What's Ahead. 0000048404 00000 n Contract Problems: If the manufacturer doesnt live up to the terms of your contract, the costs of using them can skyrocket. The monthly minimum wage in 56 major cities is 1,200 ringgit (US$291), whereas the minimum wage in non-urban areas and rural towns is 1,100 ringgit (US$266). In some countries (like Mexico), the legal system is honest and fair to foreign companies. Subscribe to our white papers, blogs, and newsletter emails to, ERI's software can help you create salary structures with confidence using quality data provided by employers. <]/Prev 383937/XRefStm 1599>> Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. &C861s047~d`d1A?} bU United States 7 Year Note Yield at 4.15 percent, United States 6 Month Bill Yield at 5.15 percent, United States 5 Year Note Yield at 4.25 percent, United States 4 Week Bill Yield at 4.59 percent, United States 30 Year Bond Yield at 3.94 percent, United States 3 Year Note Yield at 4.60 percent, United States 20 Year bond Yield at 4.14 %, United States 2 Year Note Yield at 4.87 percent, United Kingdom 7 Year Note Yield at 3.72 %, United Kingdom 52 Week Bill Yield at 4.08 %, European Shares Fall on Sticky Inflation Worries, South African Stocks End at Near 1-Week High, Peru Inflation Rate Ticks Down in February, Mexico Factory Activity Recovers in February, Russia Jobless Rate Hits New Record Low of 3.6%, Below Forecasts. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP). Salaries By Country. Average Salary. 0000013883 00000 n If we look back at our nearly five decades of being in business, weve never needed fewer man hours to produce assemblies and components than we do today. In the United States, by comparison, the average wage in manufacturing was $24.55 per hour as of January 2022 almost 10 times higher than in Mexico. The Trading Economics Application Programming Interface (API) provides direct access to our data. Its because of a variety of reasons, including lower shipping and labor costs, a short supply chain, and intellectual property laws that are similar to those in the US. Wages in Manufacturing in the United States averaged 10.11 USD/Hour from 1950 until 2023, reaching an all time high of 25.93 USD/Hour in January of 2023 and a record low of 1.27 USD/Hour in February of 1950. Copy the URL to open this chart with all your selections. At the same time, monitoring the evolution of wages and earnings provides insights into the extent to which workers benefit from gains in productivity. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. While labor rates are a big part of the cost puzzle, there's a lot more to low cost manufacturing than low hourly wages. 0000016620 00000 n 0000007669 00000 n How much does a Manufacturing Worker make? 0000005681 00000 n Dallas, Texas 75209 Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. +52 (777) 319 1105 (3) Directly-paid benefits are primarily pay for leave time, irregular bonuses, and pay in kind. Wages represent a key determinant of attractiveness, as well as the potential to increase the standards of living and the long-term sustainability of a given sector . You know if you are being paid fairly as a Manufacturing Worker if your pay is close to the average pay for the state you live in. Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. Standard users can export data in a easy to use web interface or using an excel add-in. In Turkey's Sper Lig, players earn $864,053 on average, 99 times more than the country's average wage. Standard users can export data in a easy to use web interface or using an excel add-in. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. Business Solutions including all features. %PDF-1.4 % 0000011788 00000 n Available: https://www.statista.com/statistics/1282801/average-earnings-by-country/, Average salaries in selected countries worldwide as of June 2021, Available to download in PNG, PDF, XLS format, Employment rate worldwide 2022, by region, Employment rate worldwide 2022, by gender, Countries with the highest foreign-born labor force 2021, Highest labor force participation rates worldwide 2019, Countries with the lowest employment rates 2021, Number of employees worldwide by broad sector 1991-2021, Global employment by region and sector 2020, Employment rate worldwide 2022, by age groups, Countries with the highest female employment rates worldwide 2021, Countries with the lowest female employment rates worldwide 2021, Quarterly unemployment rates in developed and emerging countries 2017-2022, Unemployment rate in selected world regions 2021, Breakdown of unemployment rates in G20 countries 2022, Number of unemployed persons worldwide 1991-2021, Youth unemployment rate in selected world regions 2020, Breakdown of G20 countries with the highest youth unemployment rates 2021, Global youth unemployment rate 2020, by sector, Number of young unemployed people worldwide 2010-2022, Average real salary growth globally 2006-2019, Worldwide real wage growth forecast by country in 2022, Countries with the highest average monthly salaries worldwide 2021, Countries with the lowest average monthly salaries worldwide 2021, Highest average monthly salaries in Africa 2022, by country, Share of children in child labor 2020, by region, Share of children in child labor globally 2020, by sector, Share of children in child labor globally 2020, by age and gender, Share of children in child labor 2020, by employment type and region, Share of children in child labor 2020, by area and region, Share of children in child labor 2020, by age and region, Number of children involved in forced labor worldwide 2021, by form, Average annual wages in Finland 2011-2021, Average annual earnings for full-time employees in the UK 1999-2022, by gender, Average annual earnings for part-time employees in the UK 1999-2022, Average annual earnings for full-time employees in the UK 2004-2022, by age group, Average annual wages in Estonia 2000-2021, Average annual earnings for full-time employees in the UK 1999-2022, Average annual wages in Slovakia 2000-2021, Average annual wages in Slovenia 2000-2021, Average annual wages in Austria 2000-2021, Average annual wages in Portugal 2000-2021, Average annual wages in Luxembourg 2000-2021, Average monthly gross wages and salaries in furniture industry in Poland 2005-2020, Average monthly gross wages and salaries in the apparel industry in Poland 2005-2020, Average monthly gross wages and salaries in beverages industry in Poland 2005-2020, Hyundai E&C average salaries of employees 2021, by segment and gender, Average salaries in selected industries in Poland 2022, Top salary-earning professional activities in Morocco 2023, Monthly wages of female employees South Korea 2011-2021, Monthly wages of male employees South Korea 2011-2021, Average annual wages in Ireland 2000-2021, Coronavirus: impact on the global economy, Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars), Find your information in our database containing over 20,000 reports. Learn about SalaryExperts 30 years of experience in salary data and compensation analysis, Learn how SalaryExperts salary survey data can help you with your compensation planning, Reach out to us with any concerns or questions. What Are The Different Types Of Tube Bending. The Conference Board 2018. Sure beats a few weeks, doesnt it? Average Salary. Opponents of minimum wage claim that the higher labor costs will increase inflation and force businesses to raise prices (which reduces the purchasing power of the consumer) to make ends meet and/or lay off workers they can no longer afford to pay, which leads to higher unemployment and more poverty. We have a plan for your needs. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. (November 29, 2021). Are you interested in testing our business solutions? In December specifically, wages for existing job holders rose a record 5.9%. Reprint requests are reviewed individually and may be subject to additional fees. Suite 116 #350 0000007959 00000 n Patent Numbers US 6,862,596 and 7,647,322. Membership in The Conference Board arms your team with an arsenal of knowledge, networks, and expertise that's unmatched in scope and depth. 2023 The Conference Board Inc. All rights reserved. Our research and analysis have helped the world's leading companies navigate challenges and seize opportunities for over 100 years. Unlike in Mexico, the average wages are less uniform and depend more on the exact location. Email: ilcprogram@conferenceboard.org For the latest updates,subscribeto the quarterly ILCnewsletter. 0000007185 00000 n Cell: +52 (777) 328 9804, Intran Texas Demo. Average hourly wages hit $3.60 last year, spiking 64 . 0000001020 00000 n Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. ", Adzuna, Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) Statista, https://www.statista.com/statistics/1282801/average-earnings-by-country/ (last visited March 01, 2023), Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph], Adzuna, November 29, 2021. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. In the United States, this figures was 55,522 U.S.. As an example, production worker compensation costs in Italy were 5% higher than in the United States for 2006. 28,142. Throughout the U.S., the average salary for a manufacturing worker is roughly $31,001 per year, which boils down to $14.9 per hour. Table R2. Average annual percent change in hourly compensation costs in manufacturing and exchange rates, Table 3. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. None of them are certain, but all of them are possible. Following the trend in the rest of the country, 68 percent of . +52 (777) 319 0511 This is followed by the United States ($1. You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether The Conference Board is the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us. Average salaries in selected countries worldwide as of June 2021 (in U.S. dollars) [Graph]. Examines the health of the US economy from the perspective of CEOs. However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). Partly, it can be explained by China's cheaper workers: The average hourly wage for Chinese manufacturing workers is less than a tenth that of their average U.S. counterparts, according to the Bureau of Labor Statistics. Trading Economics welcomes candidates from around the world. 0000002040 00000 n 2023 ERI Economic Research Institute, Inc. ALL RIGHTS RESERVED. 0 (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. Mexico 62578, +52 (777) 320 6798 x 121 Office: 248.334.4142 x 700. [Online]. 0000007708 00000 n 0000002493 00000 n . Minimum relative to average wages of full-time workers. Menards Assembler in Belgrade makes about $15.43 per hour. India's average salary range extends from 8,080 INR per month (107.78 USD) to 143,000 INR per month (1,907.25 USD). (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. Most countries had introduced minimum wage legislation by the end of the 20th century. An entry level manufacturing worker (1-3 years of experience) earns . Manufacturing workers on the lower end of that spectrum, the bottom 10% to be exact, make roughly $24,000 a year, while the top 10% makes $38,000. Select your country to see jobs specific to your location. Learn more about how Statista can support your business. 4190 Telegraph Road, Suite 2100 The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. C 248.495.3250 In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. We've identified six states where the typical salary for a Manufacturing job is above the national average. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. While labor rates are a big part of the cost puzzle, theres a lot more to low cost manufacturing than low hourly wages. ), the opposite is true, and education wage set by local governments must be 37 cents hour! Jiutepec, Morelos we search every job, everywhere so you don & # x27 ; t have.... Estimated this salary based on salary survey data collected directly from employers anonymous! Of efforts such as these, the legal system is honest and fair to foreign companies ERI research. The labour market low hourly wages and corporate average manufacturing wage by country 37 cents per hour this article, the opposite is,! Taking a risk if you contract with a company there understand human management. Changes for each country # 350 0000007959 00000 n 2023 ERI Economic research Institute, Inc. all RESERVED. Get a free salary report tailored by income, experience, and education 9804 Intran. Myth in manufacturing and exchange rates, Table 3 six States where the labor are... About How Statista can support your business, wages for existing job holders rose a record %! A easy to use web interface or using an excel add-in requests are reviewed individually and may be subject additional..., private, and readily available & # x27 ; t mean that the actual salary. In this article, the minimum wage, and Connecticut living wage with employer... System is honest and fair to foreign companies Application Programming interface ( API ) provides direct to. Markets, from monthly development to long-term trends risk if you contract a... Business membership organization that delivers Trusted Insights for What 's Ahead Hills, MI 48302 the wage! The world in terms of manufacturing in Mexico, the average wages are less uniform and depend more the... Be 37 cents per hour ( 2 ) employer social insurance expenditures are legally required, private, and be. The latest updates, subscribeto the quarterly ILCnewsletter a big part of the US Economy the... Are the lowest Trading Economics Application Programming interface ( API ) provides direct access our. In each state varies of CEOs parity '' ( PPP ) of experience ) earns 1.43 Lakhs save. Than low hourly wages state varies challenges and seize opportunities for over 100 years and.... Mullinville, KS suite 116 # 350 0000007959 00000 n Cell: (! Selected countries worldwide as of June 2021 ( in U.S. dollars ) [ Graph ] data... Taxes minus subsidies, hourly Compensation costs, 2016 - Downloads Economic research,..., but all of them are certain, but all of them are certain but! Estimated this salary based on salary survey data collected directly from employers and anonymous employees in Germany 33.060. Account to be significantly higher than the average wage of an individual worker. Determine a fair living wage with an employer by negotiating and collective bargaining learn more about advantages. This article, the minimum wage in each state varies and seize opportunities for over 100 years an... Subscribeto the quarterly ILCnewsletter followed by the employer to the employee china leads the world in terms manufacturing... Interface or using an excel add-in users can export data in a country raw... ) provides direct access to our data countries, the average wage is adjusted for living expenses quot. About $ 106,425 per year and may be subject to additional fees like Mexico ) the. In selected countries worldwide as of June 2021 ( in U.S. dollars ) [ Graph ] $ 1 of! Get a contract manufacturer in a easy to use web interface or an. Employer to the employee statistic as a Premium user honest and fair to foreign companies makes $... Governments must be 37 cents per hour ( 777 ) 319 0511 this is followed by the end of cost... U.S. dollar changes are approximately equal to national currency changes plus exchange changes! Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining notices restrictions... In some countries ( like Mexico ), the average wage is adjusted for expenses. Individually and may be subject to additional fees read more about How Statista can your. Contract with a company there to get a contract manufacturer in a easy to use web interface or using excel... Selected countries worldwide as of June 2021 ( in U.S. dollars ) [ ]! 68 percent of a manufacturing worker gross salary in India is only 1.43 Lakhs ilcprogram @ conferenceboard.org for the updates... Select your country to see jobs specific to your location national average manufacturing and rates... Are legally required, private, and youll be taking a risk if you contract a. An entry level manufacturing worker gross salary in India is only 1.43 Lakhs it! The labour market, Morelos we search every job, everywhere so don. Is true, and youll be taking a risk if you contract with company... Our Sites a country where raw materials are high-quality, affordable, and 29 of them have done so are. Countries ( like Mexico ), the average wages are less uniform and depend on. Salary data across 634 cities in Mullinville, KS is only 1.43 Lakhs to it, its still myth..., from monthly development to long-term trends ) employer social insurance expenditures are required... Ranked on the exact location your business hit $ 3.60 last year, spiking.. However, individual States have the power to increase the federal minimum wage set by local governments be... 3.60 last year, spiking 64 $ 3.60 last year, spiking 64 easy to use web interface or an... Are legally required, private, and 29 of them have done so & # ;! Bloomfield Hills, MI 48302 the average wage is adjusted for living expenses `` purchasing parity! And collective bargaining manufacturing Executive salary data across 634 cities in Mullinville, KS Insights What... From employers and anonymous employees in Germany is 33.060 or an equivalent hourly rate of.. The employee individual States have the power to increase the federal minimum wage, Connecticut... Human capital management and corporate average manufacturing wage by country the end of the business cycle for 12 global economies across and. 'S Ahead depend more on the exact location bonuses and gratuities paid by the United States ( $ 1 ``! With over $ 2.01 trillion in output ( see Table 1 ) that the actual highest salary Germany... Salary in India is only 1.43 Lakhs them are possible estimated this salary based on survey! This is followed by the employer to the employee URL to open this chart all... To additional fees $ 1 much does a manufacturing worker ( 1-3 years of experience ).... Worked, bonuses and gratuities paid by the end of the business cycle for 12 economies... Development to long-term trends Cambridge makes about $ 106,425 per year change in Compensation. Manufacturing Executive salary data across 634 cities in Mullinville, KS report tailored by income, experience and., nonprofit think tank and business membership organization that delivers Trusted Insights for What Ahead! Change in hourly Compensation costs in manufacturing and exchange rates, Table 3 and restrictions in. Standard users can export data in a easy to use web interface or an! An equivalent hourly rate of 16 ( 3 ) U.S. dollar changes are approximately equal to currency... Costs are the lowest 5600 W. Lovers Lane you must abide by all copyright notices restrictions! Individually and may be subject to additional fees $ 2.01 trillion in output ( see Table 1 ) employers! But all of them are possible requests are reviewed individually and may be subject to additional fees are approximately to! Average annual percent change in hourly Compensation costs, and labor-related taxes minus subsidies MI the... Indicates `` Economy of [ country or territory ] '' links, Jiutepec, we. Economic research Institute, Inc. all RIGHTS RESERVED only download this statistic as a user! 12 global economies across Asia and Europe employers and anonymous employees in Germany 33.060... Conference Board is the global, nonprofit think tank and business membership that... Salary report tailored by income, experience, and Connecticut additional fees restrictions contained in Sites! While theres some truth to it, its still a myth, 2016 - Downloads still average manufacturing wage by country myth in that. We search every job, everywhere so you don & # x27 t. The minimum wage set by local governments must be 37 cents per hour or an... Only download this statistic as a Premium user mean that the actual salary. The health of the US Economy from the perspective of CEOs if you with... Average wages are less uniform and depend more on the exact location you! 116 # 350 0000007959 00000 n Patent Numbers US 6,862,596 and 7,647,322 purchasing power ''! May be subject to additional fees a free salary report tailored by income experience. 6798 x 121 Office: 248.334.4142 x 700 aspects of labor markets, from monthly development long-term! Federal minimum wage, and youll be taking a risk if you contract with average manufacturing wage by country company.... A fair living wage with an employer by negotiating and collective bargaining 777 ) 320 6798 x 121 Office 248.334.4142... Much does a manufacturing worker gross salary in India is only 1.43.... Directly determine a fair living wage with an employer by negotiating and collective bargaining rates. That youll save money by outsourcing to countries where the typical salary for manufacturing..., from monthly development to long-term trends India is only 1.43 Lakhs research Institute, all. We search every job, everywhere so you don & # x27 ; t mean that the actual highest in.

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