Aequus index 1996 2011 (March 2013)

Page 1

Aequus Index ©

Living-wage equalisation index

2011 ranking of living-wage equalisation in purchasing power parity terms – 33 countries – for all employees in the manufacturing sector (employees and production-line workers), based on total hourly compensation costs*

Year

Hourly manufacturing

Real wage

Hourly manufacturing

Real wage

nominal wage

PPP equalisation

nominal wage

PPP equalisation

index

Aequus index

index

Aequus index

100

100

100

100

146 148 112 158 97 125 121 103 124 111 75 93 85 53 83 69 79 105 42 33 56 54 15 12 32 14 10 14 32 14 6 3 2

122 115 83 101 95 104 88 74 98 86 72 89 85 58 93 73 79 67 47 35 66 53 34 22 37 29 24 29 40 27 11 9 5

154 133 181 170 119 121 138 145 119 124 112 102 130 64 103 80 87 101 53 45 61 66 37 33 36 26 29 25 33 18 6 3 4

128 120 114 104 102 103 100 100 98 96 96 93 85 84 83 80 79 75 72 72 63 55 47 45 41 40 39 39 31 28 10 9 8

Year

The Jus Semper Global Alliance United States (benchmark) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33

Belgium Germany Norway Switzerland Netherlands Austria Sweden Denmark France Finland Ireland Italy Australia Singapore Canada Spain United Kingdom Japan South Korea Argentina Greece New Zealand Czech Rep. Slovakia Portugal Hungary Estonia Poland Brazil Mexico Philippines Indiaª Chinaª

1996 1996 1997 1996 1997 1996 1996 1997 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 1996 2000 1996 1996 1996 1996 1999 2002

2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2007 2008

Source: The Jus Semper Global Alliance analysis using the sources below.** – Database of World Bank's World Development Indicators, 1975-2011, (GDP & GDP PPP, Atlas method) – Hourly Compensation Costs for All Employees in Manufacturing (34 Country Tables), updated on December 2012. U.S. Dept. of Labour, Bureau of Labour Statistics (BLS). – Global Purchasing Power Parities and Real Expenditures. 2005 International Comparison Program. World Bank 2008. – Purchasing Power parities – Measurement and Uses by Paul Schreyer and Francette Koechlin, OECD Statistical briefs, March 2002. * The hourly manufacturing nominal wage is the "hourly compensation cost" as defined by the BLS: This includes (1) hourly direct pay and (2) employer social insurance expenditures and other labour taxes. Hourly direct pay includes all payments made directly to the worker, before payroll deductions of any kind, consisting of pay for time worked and other direct pay. Social insurance expenditures and other labour taxes refers to the value of social contributions incurred by employers in order to secure entitlement to social benefits for their employees. ª India and China data gathered by the BLS are not fully comparable to the rest of countries due to some inconsistencies in methodology. However, given that in both cases the BLS argues that this work does not substantially affect the hourly compensation estimates, rough comparisons can still be made. ** Analysis in accordance with The Living Wages North and South Initiative (TLWNSI) Concept: http://www.jussemper.org/TLWNSI/Resources/TLWNSI_WDRAFT_2011.pdf

© 2012 The Jus Semper Global Alliance

Aequus Índex © The Jus Semper Global Alliance

25/3/13


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