Living-Wage-Gap and Equalisation analysis, vis-à-vis the U.S. for 14 Selected Economies – 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 or increase their surpluses in their manufacturing wage Eq-Index. Most European economies improved their living-wage equalisation position very meaningfully.