Living-Wage-Gap and Equalisation analysis (vis-à-vis the U.S.) for selected economies of Asia and Oceania – for all employed in the manufacturing sector– in PPP for private consumption terms 1996-2017

Abstract

2017 is the first year in the 22-year span in this report that US hourly wage rates dropped (0,9%). This enabled the vast majority of countries to reduce their comparative wage gaps orincrease their surpluses in their manufacturing wage Eq-Index. In the Americas, all four major economies reduced their equalisation gaps or remained at the same level.