| Wage per Hour in Mfg: International Comparison, 1995 | |||||||
| Nation | Wage Level in National Currency | Exchange rate used: Yen value of a unit of foreign currency for 1995 | Wage Level in Yen [Dependent on the yen exchange rate used: The more expensive the yen (i.e., as the yen is more appreciated), the lower the foreign wage level in terms of yen; the yen appreciation implies the higher labor cost in Jpn than in foreign nations.] |
Wage Index (useful in computing the multiple) | |||
| Japan | 2,208.00 | yen | 2,208 | 100 | [=2,208/2,208*100] | ||
| Germany | 25.46 | Deutsche mark | 65.63 | 1,671 | [=25.46*65.63] | 76 | [=1,671/2,208*100] |
| U.K. | 7.85 | U.K. pound | 148.54 | 1,166 | 53 | [The multiple as against Jpn =53/100 =about a half] |
|
| U.S. | 12.37 | U.S. dollar | 94.10 | 1,164 | 53 | ||
| France (1993) | 50.63 | French franc | 19.63 | 994 | 45 | ||
| South Korea | 5,259.20 | wong | 0.12 | 631 | 29 | ||
| Taiwan | 161.00 | Taiwan gen | 3.42 | 551 | 25 | ||