Labour Costs in Manufacturing

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Abstract
Comparative industrial labour costs have been analysed in three previous articles contained in earlier issues of this Review. Each time the analyses were based on the same Swedish publication, which contains hourly wages, social charges and total labour costs for most of the OECD countries, and converts them into a common currency using official exchange rates. This provides an acceptable starting point for international comparison since the products of manufacturing industries compete on international markets on the basis of these exchange rates.

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