Manufacturing facts: Trade engagement pays through higher wages

03/26/2013

This week's excerpt from The Facts About Modern Manufacturing: Higher employee compensation and trade intensity go hand in hand. Employees in the most trade-intensive industries -- where combined exports and imports amount to at least 75% of their domestic industrial output -- earn an annual compensation package averaging $93,770. This is close to 50% higher than average compensation in the least trade-engaged sectors of manufacturing. Industries in this most trade-engaged category also account for about half of U.S. manufacturing trade. Manufacturing Facts

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