Abstract
Comparative labour costs in the manufacturing industries have been analysed in four previous issues of this Review based on surveys of labour costs published by the Swedish Employers' Confederation. These contain time series of wages for time worked, social charges and total labour costs in manufacturing for most OECD countries and convert them into a common currency. Although no allowance is made for the different purchasing power of the wages paid (‘PPPs’) the comparison is useful since the products of the industries of various countries compete on international markets on the basis of current exchange rates.
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