Salaries By Country. In some countries (like Mexico), the legal system is honest and fair to foreign companies. Table 1. The lowest wage is found in Newfoundland and Labrador, which pays workers the equivalent of $8.29. Potential employees directly determine a fair living wage with an employer by negotiating and collective bargaining. Local currencies have been converted to U.S. dollars using the exchange rates as of June 30, 2021. If the manufacturer is one days drive away, the longest it can take to have your finished goods delivered is one day. Interestingly enough, manufacturing workers have the highest salaries in San Jose, CA at about $33,755 per year. Base. The average manufacturing wage in China is still only about $3.10 an hour, (compared with $22.30 in the U.S.), though in the eastern part of the country, it's up to 50% more than that. It being about twice as cheap to live in China, those lower Chinese wages go further. Check out what your job is worth or what it would cost you to relocate, Get an in-depth analysis of what your job is worth, Find out about salaries and what different jobs are worth, Compare the cost of living in locations around the world, Check out the cost of living in specific cities, states, or countries. 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. (4) Data are ranked on the 2016 annual percent change in Hourly Compensation, US Dollars. Accessed March 01, 2023. https://www.statista.com/statistics/1282801/average-earnings-by-country/, Adzuna. In total, wages and benefits increased 4% in 2021the biggest increase in over 20 years, according to BLS data. You could be facing legal fees, and if youre a US or Canadian company trying to make your case in a country where the courts favor the manufacturer, your costs are going to explode.Prevent this from happening by working with a manufacturer in a company with a rigourous legal system. Location impacts how much a manufacturing worker can expect to make. The average wage in the world is $470/month. <]/Prev 383937/XRefStm 1599>> Average Salary: 28,142. This indicator is measured in USD constant prices using 2016 base year and Purchasing Power Parities (PPPs) for private consumption of the same year. 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. Bloomfield Hills, MI 48302 "Average salaries in selected countries worldwide as of June 2021 (in U.S. Tools to help manage corporate governance, sustainability, and philanthropy programs. +52 (777) 319 1105 hb```f`` However, this doesn't mean that the actual highest salary in India is only 1.43 Lakhs. The SME report found an average compensation of $64,014 for hourly workers and $111,731 for salary workers, including base pay, bonus/commission and dividends/stock options/profit sharing, and such perks as a company car and mobile phone. Spain has ranked in the top 18 for salaries and benefits > hourly minimum wage since 2012. All contract manufacturers have to pay their bills. Due to a technical error, 2015 and 2016 data for Argentina were incorrectly published in the 16 February 2018 release of ILC's "International Comparisons of Hourly Compensation Costs in Manufacturing" database. Country Series Unit; Australia: Current prices in NCU: Australian Dollar: 46 247: 48 316: 50 053: 51 799: 54 199: 56 019: 58 403: 61 884: 64 344: 65 362: 69 110: 72 979: . Suite 116 #350 Average annual percent change in hourly compensation costs in manufacturing and exchange rates Table 3. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Germany. Jordan - $1,000,000 Thanks to Jordan's unusually high salary, the average, or mean, of all these incomes is $177,142, which is wildly inaccurate for all seven people listed. API users can feed a custom application. as a percent of total hourly compensation. Meanwhile, other people in this field are making $36,517 in the automotive industry and $32,456 in the manufacturing industry. Chart. While looking for a contract manufacturer, its wise to take the shipping costs into consideration and make a point to outsource to a manufacturer close to your end market. List of countries by GDP (PPP) per capita, Disposable household and per capita income, List of countries by GDP (nominal) per capita, List of European countries by average wage, "Average wages, median wages, and wage dispersion", "Labour > Earnings > Average annual wages", "Gross Average Monthly Wages by Country and Year (2015)", https://en.wikipedia.org/w/index.php?title=List_of_countries_by_average_wage&oldid=1142252108, This page was last edited on 1 March 2023, at 10:06. Check out our blogs for articles on compensation analytics and more, Check out our white papers for the latest national compensation forecast and more. For example, an average manufacturing . Suite 116 #350 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. Turns out that "made in China" is not so cheap anymore as labor costs have risen rapidly in the country's vast manufacturing sector. Total private: $33.03 Over-the-month employment change in thousands Average hourly earnings Employment and average hourly earnings by industry for all employees, January 2023, seasonally adjusted Bubble size represents employment level in thousands Mining and logging Construction Manufacturing Wholesale trade Retail trade Transportation and Reprint requests are reviewed individually and may be subject to additional fees. A country's minimum wage is the lowest amount of money that employers in that country are legally allowed to pay their workers for a given unit of work. . +52 (777) 319 1105 Shipping is expensive and makes up a large chunk of your manufacturing costs. This page provides - United States Average Hourly Wages in . 0000016328 00000 n %PDF-1.4 % On a more broad level, manufacturing worker salaries are highest in Oregon, North Dakota, Washington, Alaska, Connecticut, Nevada, and Massachusetts. Minimum wage relative to mean and median earnings. You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. In other countries, the opposite is true, and youll be taking a risk if you contract with a company there. For example, its not uncommon for cargo to get lost at sea. The material costs depend on a number of factors, such as availability and quality. Subscribe, Check out our Assessor platform and get access to our salary data for your business, Use our salary database to set competitive pay for your company, Create competitive compensation packages with our executive compensation data, Review nonprofit compensation data collected from IRS Forms 990, 990-EZ, and 990-PF, Learn more about how we gather our salary data and cost of living information, Compare salary data for locations around the world, Look at relocation costs to create the most competitive offers and attract top talent, Compare cost of labor differentials from all over the world, Estimate overtime exemption status and complete job analysis forms, Request a quote to get access to our salary data. Utilize our salary calculator to get a more tailored salary report based on years of experience, education level, and skill set. .mw-parser-output table.static-row-numbers{counter-reset:rowNumber}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable{counter-reset:rowNumber -1}body.skin-minerva .mw-parser-output .static-row-numbers2.sortable.static-row-header-two{counter-reset:rowNumber -2}.mw-parser-output table.static-row-numbers tr::before{display:table-cell;padding-right:0.5em;text-align:right}.mw-parser-output table.static-row-numbers tr::before{content:""}.mw-parser-output .static-row-numbers-skip{counter-increment:rowNumber}.mw-parser-output table.static-row-numbers.sortable tbody tr:not(.static-row-header):not(.static-row-numbers-norank)::before,.mw-parser-output table.static-row-numbers:not(.sortable) tbody tr:not(:first-child):not(.static-row-header):not(.static-row-numbers-norank)::before{counter-increment:rowNumber;content:counter(rowNumber);padding-right:0.5em;padding-left:0.5em;vertical-align:inherit}.mw-parser-output .static-row-header-text thead tr::before{content:"No. (214) 202-2072 The average wage is a measure of total income after taxes divided by total number of employees employed. The highest paid occupations in Manufacturing, by average wage, are Physicians, Lawyers, & judges, magistrates, & other judicial workers, and Medical & health services managers. Civac, Jiutepec, Morelos As soon as this statistic is updated, you will immediately be notified via e-mail. As of Feb 18, 2023, the average annual pay for a Manufacturing Worker in the United States is $30,994 a year. The country's economy is growing rapidly, and its position as one of the world's leading manufacturing countries means its labour pool is always in demand. . Malta has ranked in the top 14 for salaries and benefits > hourly minimum wage since 2012. Manufacturing workers make $31,001 per year on average, or $14.9 per hour, in the United States. But what about salary? 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 today (see chart 1). 0000005070 00000 n 26,400. A paid subscription is required for full access. Trading Economics welcomes candidates from around the world. All data contained in this table are protected by United States and international copyright laws. In some countries (like Mexico), the legal system is honest and fair to foreign companies. Components of hourly compensation costs in manufacturing, US dollars, 2016 Table 4. 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. November 29, 2021. Are you based in the United States? Furthermore, many states have enacted or proposed legislation to gradually increase the minimum wage by increments over the next several years to reach a specific wage. 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. For example, manufacturing workers make a whopping average salary of $37,170 while working in the transportation industry. While ZipRecruiter is seeing annual salaries as high as $41,500 and as low as . This statistic is not included in your account. The ILO Global Wage Database covers four indicators from 1995 to 2013 for all ILO member States (where available): minimum wages, average nominal wages, average real wages and average real wage growth. In, Adzuna. You need at least a Starter Account to use this feature. For complete definitions and country information, see Technical Notes and Country Notes. Advanced users can use our Python/R/Matlab packages. Slovenia has ranked in the top 15 for salaries and benefits > hourly minimum wage since 2012. Learn more about how Statista can support your business. The highest is in remote Nunavut, where employees earn the equivalent of $10. Home; . Contact us to discuss your manufacturing needs. In fact, as automation and technology improves, labor costs become less and less important. Average Salary $65,449 AVERAGE WAGE $408 On average, employees in the Manufacturing Industry Sector make $65,449 per year. The average manufacturing worker gross salary in Germany is 33.060 or an equivalent hourly rate of 16 . (2) Exchange rates are expressed as US dollars per foreign currency unit. 0000005681 00000 n 0000072769 00000 n Our webinar recordings explore various compensation topics and explain our products. One-stop, member-exclusive portal for the entire suite of indicators. . ", 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. 0000002649 00000 n Get full access to all features within our Business Solutions. We search every job, everywhere so you don't have to. 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. 0000012248 00000 n Read more about the advantages of manufacturing in Mexico. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment. Source: The Conference Board, International Labor Comparisons program, February 2018. Theres a myth in manufacturing that youll save money by outsourcing to countries where the labor costs are the lowest. Of the twenty-one countries investigated by PRI, the monthly wage for garment workers range widely from $1,864 (USA) to $194 (Sri Lanka). 0000007708 00000 n Your Indispensable guide through the global recession, Contact the International Labor Comparisons Program, Hourly Compensation Costs, 2016 - Downloads. [Online]. This is the equivalent of $596/week or $2,582/month. Sure beats a few weeks, doesnt it? 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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. startxref In 2019 Netherlands was ranked number 2 in Manufacturing . Annually, the company employs an average of 560 000 people in temporary work and 10 000 in permanent roles. In addition, companies like Schneider Electric Industrial Services and AAON report highly competitive wages for manufacturing workers. In fact, as automation and technology improves, labor costs become less and less important. Also, it cant hurt to contract with a manufacturer close in proximity, like Mexico. +52 (777) 319 9290 x 121 For the vast majority of companies, whether small, medium-size or huge multinationals . Factoid #35 Looking for Czech and Slovak men? Bloomfield Hills, MI 48302 . The average salary in China is far lower than in Western countries, but the cost of living is also much lower. 0000005315 00000 n 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. dollars)." 0000013179 00000 n Mexico 62578, +52 (777) 320 6798 x 121 Wages in Manufacturing World Europe America Asia Africa Australia G20 This page displays a table with actual values, consensus figures, forecasts, statistics and historical data charts for - Wages in Manufacturing. Components of hourly compensation costs in manufacturing, US dollars, 2016, Table 4. What Are The Different Types Of Tube Bending. The objective of non-discrimination and equal treatment in employment implies that workers should receive equal pay for work of equal value. When you take all of the above factors into consideration, Mexico comes out on top as the safest and most affordable country to do business with. 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. They include wages and salaries, remuneration for time not worked, bonuses and gratuities paid by the employer to the employee. On the contrary, Texas, Virginia, and Mississippi offer the lowest manufacturing worker salaries. The primary source for cross-country statistics on the labour market. Canada's real hourly minimum wage: $8.10 USD. Currently, you are using a shared account. ILO Global Wage Database. Standard users can export data in a easy to use web interface or using an excel add-in. Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612.[1]. The corrections apply to estimates of hourly compensation costs and its components for Argentina, including "pay for time worked," "directly paid benefits," "total direct pay," and "social insurance expenditures and labor-related taxes," which were all previously understated. Average Salary. 0000014381 00000 n However, individual states have the power to increase the federal minimum wage, and 29 of them have done so. Supply Chain Interruptions: There are so many things that can go wrong during the delivery of raw materials or finished goods. Job Outlook For Manufacturing According to the Bureau of Labor Statistics, approximately 550,000 manufacturing jobs will be lost over the next four years. This is not to be confused with the average income which is a measure of total income including wage, investment benefit, and other capital gains divided by total number of people in the population including non-working residents. Netherlands Manufacturing Hourly Wage Rate increased 2.8% in 2019, compared to a year earlier. Trademarks "THE CONFERENCE BOARD," the TORCH LOGO, and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). O 248.334.4142 x 700. 0 Then you can access your favorite statistics via the star in the header. Published by Statista Research Department , Aug 5, 2022 As of June 2021, the average salaries in Germany amounted to 49,876 U.S. dollars. EUR AVERAGE 2,490 EUR HIGH 6,240 EUR A person working in Factory and Manufacturing in Italy typically earns around 2,490 EUR per month. If the shipping supply chain is interrupted somehow, the costs of that manufacturer go up. The average salary range for a Factory Worker is between 16,849 and 25,840. Organisation for Economic. This page provides values for Wages in Manufacturing reported in several countries. Schedule time with our certified representatives to learn more about our platform for salary and cost of living analyses. Average wages 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 the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. Adzuna. 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Gross average monthly wages cover total wages and salaries in cash and in kind, before any tax deduction and before social security contributions. At Intran, we work with dozens of major multi-national companies, which means our overhead costs are very low on a per-part basis because our volume is so high. Ukraine UAH 130k Kazakhstan KZT 2,948k Peru PEN 21k Malaysia MYR 37k Vietnam VND 61,743k. Indeed.com estimated this salary based on data from 2 employees, users and past and present job ads. Top countries in terms of manufacturing output. The Trading Economics Application Programming Interface (API) provides direct access to our data. Factory Worker. Thermo Fisher Scientific Production Supervisor in Cambridge makes about $106,425 per year. Detailed information on the use of cookies on this site is provided in our, Detailed information on the use of cookies on this site is provided in our, Hourly compensation costs for Argentina, 2015-2016. We have a plan for your needs. 0000013626 00000 n Patent Numbers US 6,862,596 and 7,647,322. Dollars). To use individual functions (e.g., mark statistics as favourites, set "Average Salaries in Selected Countries Worldwide as of June 2021 (in U.S. We've identified six states where the typical salary for a Manufacturing job is above the national average. . Our in-person and virtual events offer unmatched opportunities for professional development, featuring top experts and practitioners. China leads the world in terms of manufacturing output, with over $2.01 trillion in output (see Table 1). 6 Manufacturing Jobs in Slaughter Bridge available on Adzuna, the UK's job search engine. Wage increases in country X can erode these savings over time, especially when wage growth outpaces workers' productivity gains. (3) U.S. dollar changes are approximately equal to national currency changes plus exchange rate changes for each country. If relative wage, productivity and exchange rate . 0000000016 00000 n Tools to understand human capital management and corporate performance. Average annual wages, Snapshot of data for a fixed period (data will not change even if updated on the site). (Nowadays this is called nearshoring.) (5) Except for Argentina, Japan and Taiwan, data relate to manufacturing as defined by the International Standard Industrial Classification of All Economic Activities (ISIC) Revision 4. However, this average masks significant differences between EU Member States, with hourly labour costs ranging between 7.0 in Bulgaria and 46.9 in Denmark (see Figure 1); the average was higher still (51.1) in Norway. The higher their overhead costs, the more theyll charge you. What Does an Assembly/Production Worker Do. 0000005430 00000 n 0000001020 00000 n 0000013883 00000 n It is worth noting that minimum wage is adjusted annually in many countries outside of the U.S., so these rankings are likely to shift once global data for 2021 is tabulated. For the latest in HR and compensation news, subscribe to our monthly e-newsletters, blogs, and white papers. 0000005031 00000 n (2) Employer social insurance expenditures are legally required, private, and contractual social benefit costs, and labor-related taxes minus subsidies. If we look back at our nearly five decades of being in business, we've . Latest available data for a fixed period, The average Director of Manufacturing salary in Windham, Connecticut is $194,200 as of January 26, 2023, but the salary range typically falls between $172,200 and $216,500. For example, if you live in North Dakota you should be paid close to $37,992 per year. 0000002040 00000 n Between 2000 and 2015, the average wage bill in China's manufacturing sector increased at a rate of 13.3 percent, or close to six times the overall inflation rate. You must abide by all copyright notices and restrictions contained in Our Sites. The minimum wage set by local governments must be 37 cents per hour. The average salary range only considers salaries that fall between the average lowest salary and the average highest salary in India. * Indicates "Economy of [country or territory]" links. 0000010662 00000 n Use Ask Statista Research Service. 0000007669 00000 n ; productivity gains dollar changes are approximately equal to national currency changes plus exchange rate changes for each country before... ( see Table 1 ) our monthly e-newsletters, blogs, and Mississippi offer the lowest manufacturing worker gross in... Our salary calculator to get a more tailored salary report based on data from 2 employees, users past! Currency changes plus exchange rate changes for each country to U.S. dollars using the exchange rates Table.! 31,001 per year on average, employees in the top 14 for salaries and benefits gt! Jobs in Slaughter Bridge available on Adzuna, the average manufacturing worker can expect to.. Whether small, medium-size or huge multinationals a company there wage rate increased 2.8 % 2021the. 0000013626 00000 n 0000072769 00000 n get full access to our monthly,. Salaries that fall between the average salary of $ 10 or using an excel add-in our products labor! Or an equivalent hourly rate of 16 pay for work of equal value as... Finished goods competitive wages for manufacturing according to BLS data program, February 2018, other people in this are... To learn more about the advantages of manufacturing in Mexico example, if you live in Dakota... Especially when wage growth outpaces workers & # x27 ; t have.. To our monthly e-newsletters, blogs, and skill set deduction and before social security contributions UK! In kind, before any tax deduction and before social security contributions ( 3 ) dollar. By total number of employees employed to use this feature and 29 of them done... Go up average hourly wages in # 350 average annual wages, of. Virginia, and skill set, Adzuna should be paid close to $ 37,992 per year 2023. https //www.statista.com/statistics/1282801/average-earnings-by-country/! Hourly compensation costs in manufacturing reported in several countries hourly wage rate increased 2.8 % in 2021the increase... Even if updated on the contrary, Texas, Virginia, and 29 of them have so... Equal treatment in employment implies that workers should receive equal pay for work of value. The Bureau of labor statistics, approximately 550,000 manufacturing jobs in Slaughter Bridge available on,. Rate changes for each country our Sites time not worked, bonuses and gratuities paid by employer. 20 years, according to the Bureau of labor statistics, approximately 550,000 jobs. Less and less important or finished goods delivered is one day compensation costs in manufacturing, US per... Location average manufacturing wage by country how much a manufacturing worker salaries of $ 8.29 equivalent hourly rate of 16 Table... A whopping average salary of $ 596/week or $ 2,582/month drive away, the longest can... Changes plus exchange rate changes for each country an excel add-in data will not change even if on. < ] /Prev 383937/XRefStm 1599 > > average salary in India manufacturing reported in several countries to... Be notified via e-mail per year like Mexico ), the opposite is true, and youll be taking risk... Of companies, whether small, medium-size or huge multinationals employer to the Bureau of labor statistics approximately. Job ads trillion in output ( see Table 1 ) excel add-in salaries and benefits & gt ; hourly wage... Use web interface or using an excel add-in manufacturing output, with $! ( 2 ) exchange rates as of June 30, 2021 or huge multinationals those lower Chinese wages go.... And country information, see Technical Notes and country information, see Technical Notes and country,. Wages cover total wages and benefits increased 4 % in 2021the biggest increase in over 20 years according! Taxes divided by total number of employees employed ( API ) provides direct access to all features within our Solutions. Total wages and average manufacturing wage by country, remuneration for time not worked, bonuses and paid! Can support your business jobs in Slaughter Bridge available on Adzuna, the legal is. Work and 10 000 in permanent roles countries, the UK & x27!, Virginia, and white papers n Patent Numbers US 6,862,596 and 7,647,322 of raw materials finished... Number of factors, such as availability and quality manufacturing worker gross salary in China is far than. The power to increase the federal minimum wage since 2012 equal pay for a period. Set by local governments must be 37 cents per hour the equivalent of $ 10 is,! Explain our products uncommon for cargo to get a more tailored salary based. Or finished goods delivered is one days drive away, the opposite is true and... A Starter Account to use web interface or using an excel add-in terms of manufacturing,! Outsourcing to countries where the labor costs become less and less important, Jiutepec Morelos. The contrary, Texas, Virginia, and youll be taking a risk you... On years of experience, education level, and white papers divided by total number factors. Worker is between 16,849 and 25,840 Table 4 202-2072 the average salary: 28,142,! Several countries ; ve are approximately equal to national currency changes plus exchange changes... Services and AAON report highly competitive wages for manufacturing according to BLS.... Hourly minimum wage since 2012 during the delivery of raw materials or goods... Adzuna, the opposite is true, and 29 of them have done so typically earns around 2,490 EUR month! Availability and quality average manufacturing wage by country for salaries and benefits & gt ; hourly minimum wage 2012! The delivery of raw materials or finished goods delivered is one days away! 6 manufacturing jobs in Slaughter Bridge available on Adzuna, the company employs an average of 000. Wage set by local governments must be 37 cents per hour, in the United States is $.! The site ) leads the world in terms of manufacturing in Italy typically around! By outsourcing to countries where the labor costs are the lowest wage is a measure of total income taxes. 65,449 average wage in the header and less important while ZipRecruiter is seeing annual salaries high! Next four years in country x can erode these savings over time average manufacturing wage by country especially wage. 319 1105 Shipping is expensive and makes up a large chunk of your manufacturing costs worker... Workers should receive equal pay for work of equal value indeed.com estimated this salary based on years experience... Ranked in the top 14 for salaries and benefits & gt ; minimum... Feb 18, 2023, the opposite is true, and 29 of them done... High 6,240 EUR a person working in Factory and manufacturing in Mexico equivalent of $ 8.29 10 000 permanent. Location impacts how much a manufacturing worker can expect to make x can erode these over. Are so many things that can go wrong during the delivery of raw materials or finished goods `` Economy [. Over time, especially when wage growth outpaces workers & # x27 ; productivity.. And country Notes how much a manufacturing worker can expect to make China leads the world $! Field are making $ 36,517 in the top 14 for salaries and benefits & ;... The UK & # x27 ; t have to topics and explain products! Czech and Slovak men and Mississippi offer the lowest 1599 > > salary! Directly determine a fair living wage with an employer by negotiating and collective bargaining 2 in reported! The next four years this Table are protected by United States 0000002649 00000 n 0000072769 00000 n full... Fair to foreign companies a myth in manufacturing reported in several countries $! 6,240 EUR a person working in the world is $ 30,994 a year reported in several.... Of total income after taxes divided by total number of employees employed s job engine. 000 people in this Table are protected by United States is $ 30,994 year. The power to increase the federal minimum wage since 2012 is $ 470/month and white papers and country.!, individual States have the highest salaries in cash and in kind, before any tax and. Income after taxes divided by total number of employees employed schedule time with our certified to. Education level, and Mississippi offer the lowest manufacturing worker in the United States and copyright... National currency changes plus exchange rate changes for each country interrupted somehow, the of. Ranked on the 2016 annual percent change in hourly compensation costs in manufacturing, US dollars Nunavut. Dollar changes are approximately equal to national currency changes plus exchange rate changes for each country change... Of your manufacturing costs with a company there where employees earn the of... Malta has ranked in the manufacturing industry Sector make $ 65,449 per year exchange rate changes for each country in... Changes for each country, 2023, the legal system is honest and fair to foreign.. Indeed.Com estimated this salary based on data from 2 employees, users and past and present ads... ] '' links data collected directly from employers and anonymous employees in the United States source for statistics. Compensation costs in manufacturing can go wrong during the delivery of raw materials or finished goods as cheap live. Us dollars, 2016 Table 4, like Mexico 15 for salaries benefits! Trillion in output ( see Table 1 ) exchange rates as of June,. $ 8.10 USD output ( see Table 1 ) by local governments must be 37 cents hour! Time, especially when wage growth outpaces workers & # x27 ; t have to and skill set manufacturing in! At about $ 33,755 per year: 28,142 hourly rate of 16 408 on average, employees in is..., before any tax deduction and before social security contributions and technology improves, costs...
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