[lbo-talk] European Welfare State

Doug Henwood dhenwood at panix.com
Mon Sep 20 13:25:27 PDT 2010


On Sep 20, 2010, at 4:10 PM, Angelus Novus wrote:


> low domestic wages

Ok, the U.S. Bureau of Labor Statistics <http://www.bls.gov/fls/#compensation> has hourly compensation in German manufacturing at 103% of U.S. levels in 2000 and 149% in 2008 (expressed in US dollars). Certainly the currency has a lot to do with this, and, yes, a lid has been kept on German wages despite strong productivity gains, but "low" German wages are not.

Doug



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