US manufacturing wages
average $21.39 per hour.
This is a reasonable
wage for the US and we should be able to add manufacturing jobs back to the US.
We should be able to expect to add high volume, automated manufacturing where
the number of employees is low. We should also begin to shift advanced product
design to the US to avoid intellectual property theft by other countries. This
should include electronics and software development. I also expect to see more
foreign car production plants in the US to handle US consumption.
We will probably
continue to have manufacturing operations overseas that require lots of touch
labor because of labor costs. We already know that labor costs are lower in
China and Mexico and there are many other countries as well.
In 2018, hourly
manufacturing market rate in China is $5.51, in Mexico is $4.45 and in Vietnam
is $2.73.
In 2017, hourly
manufacturing market rates in euros in the EU included Bulgaria E4.90, Romania
E6.30, Lithuania E8.00, Latvia E8.01, Hungary E9.10, Poland E9.40, Croatia
E10.60, Slovakia E11.10, Czech Republic E11.30, Estonia E11.70, Malta E13.80,
Portugal E14.10, Greece E14.50, Cyprus E16.00, Slovenia E17.00 and Spain
E21.00. All other EU countries are above
E25.00.
Russia has a minimum
wage
In 2018, the minimum
wage in Russia is $1.35.
The Russian minimum
wage was recently raised to E150 per month. In Moscow, the minimum wage is E278
per month. In St Petersburgh it is E250 per month
Russia also has
subsistence pay for working age E196 per month, Kids E180 per month and
Pensioners E150 per month. It is no longer Communist, but continues to be
Socialist.
Companies don’t invest
in Russia because they haven’t developed their legal system to become investor
friendly. Russia relies on its oil economy and doesn’t have the capital to
harvest its other vast natural resources.
Norb Leahy, Dunwoody
GA Tea Party Leader
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