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Industrial Labour Costs, 1971-1983
Published online by Cambridge University Press: 26 March 2020
Extract
In 1972, this Review contained an international comparison of industrial labour costs; that first report covered a ten year period to 1970. A second similar article in 1976 brought this more up to date to 1974. Meanwhile, users of this kind of information have become better served by the development of national and international statistics in this are. Nevertheless, there appears to be interest in the approach of our two previous reports because they presented wage and labour cost data in greater detail than generally available—that is, by industry—and in actual figures that are comparable across countries, instead of national indices. We are therefore repeating the exercise for the period 1971-1981 supplemented by provisional estimates for 1983.
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- Copyright © 1984 National Institute of Economic and Social Research
References
page 62 note (1) ‘Labour costs and international competitiveness’, National Institute Economic Review, no. 61. August 1972, pp.53-58.
page 62 note (2) ‘Labour costs in OECD countries, 1964-1975’, National Institute Economic Review, no. 78, November 1976, pp. 58-62.
page 62 note (3) For example, see table 5.9 in the regular statistical part of the Department of Employment Gazette.
page 62 note (4) Wages and total labour costs for workers—international survey 1971-1981, Swedish Employers' Confederation, 1984. We are grateful to the Confederation for permission to use information contained therein and particularly to Mrs M. Finné, their Chief Research Officer, who made them available to us.
page 63 note (1) The trade-weighted effective rate of the £ also shows these major movements (i.e. they were not restricted to the Swedish currency): the IMF index (1975=100) of the pound sterling. well over 100 prior to 1975, fell to 85.6 in 1976 and was back at 94.9 by 1981. (Statistical Appendix table 25.)
page 63 note (2) The series for the UK is as follows:
Source: as for table 1.
(a) As defined in the text in percentage of wages for time worked.
page 63 note (3) ‘Germany’ stands for the Federal Republic of Germany throughout.
page 64 note (1) National Institute Economic Review, no. 101, August 1982. For details see note (c) to table 2.
page 67 note (1) It is important to observe the footnotes to the table, particu larly that relating to the mining and quarrying industry: the figure for the UK excludes coalmining.
page 67 note (2) In mathematical terms:
where OC = other countries, arithmetic averages; Li = total hourly labour costs in industry i; Lm = total hourly labour costs in manufacturing.