Manufacturing facts: The sector pays higher average compensation

05/8/2013

This week's excerpt from The Facts About Modern Manufacturing: Today's manufacturing employees earn higher wages and receive more generous benefits than other working Americans. In the third quarter of 2012, manufacturing employers paid $33.30 per hour in wages and benefits, while all employers in the economy paid about $30.80 per hour, meaning that there is an 8% premium for working in manufacturing. Most of the difference in compensation is due to the fact that manufacturers provide a higher level of benefits for workers than do other industries, including for paid leave, supplemental pay and insurance. Manufacturing Facts

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