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Story
October 1, 1959
The Camas Hot Springs Exchange
Hot Springs, Camas, Sanders County, Montana
What is this article about?
A 1957 OEEC report, issued in Paris, reveals US workers' average output was 2.2 times higher than British workers', measured at British prices. Advantages were greatest in mechanized sectors like fuel production (7.69 times) and manufacturing (2.9 times), smallest in shipbuilding (1.11 times). US auto wages were higher but productivity 4.7 times greater, giving cost advantages; Britain competitive in shipbuilding.
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Full Text
Compared With British
U. S. WORKERS PRODUCE
2.2 TIMES MORE
PARIS-(Reuter's)-Average output of American workers in 1957 was 2.2 times as high as comparable British output, according to a report issued today by the Organization for European Economic Co-operation.
The study, a joint effort by the OEEC and the economics department of Britain's Cambridge University, measures output of both at British prices.
The highest United States productivity advantage, the report says, was in sectors with most scope for mechanization and labor economy. It was smallest in agriculture, construction and distribution.
The lowest United States advantage was in shipbuilding, with productivity of 111 per man against a British base of 100. The greatest figure, 769 versus 100, came in the field of fuel production.
AMERICANS LEAD
For manufacturing industries in general, output per man was 2.9 times greater in the United States.
United States car makers paid $9.42 in wages for every pound sterling ($2.80) paid by British employers, the report said, but output per worker was 4.7 times higher.
This meant that American car makers had to spend only $2.47 for every $2.80 spent by their British counterparts. In addition, raw material costs were often lower in the United States.
But a small productivity gap and high United States wages gave Britain a competitive advantage in shipbuilding and repairing, the report said.— SPOKESMAN-REVIEW. Spokane.
U. S. WORKERS PRODUCE
2.2 TIMES MORE
PARIS-(Reuter's)-Average output of American workers in 1957 was 2.2 times as high as comparable British output, according to a report issued today by the Organization for European Economic Co-operation.
The study, a joint effort by the OEEC and the economics department of Britain's Cambridge University, measures output of both at British prices.
The highest United States productivity advantage, the report says, was in sectors with most scope for mechanization and labor economy. It was smallest in agriculture, construction and distribution.
The lowest United States advantage was in shipbuilding, with productivity of 111 per man against a British base of 100. The greatest figure, 769 versus 100, came in the field of fuel production.
AMERICANS LEAD
For manufacturing industries in general, output per man was 2.9 times greater in the United States.
United States car makers paid $9.42 in wages for every pound sterling ($2.80) paid by British employers, the report said, but output per worker was 4.7 times higher.
This meant that American car makers had to spend only $2.47 for every $2.80 spent by their British counterparts. In addition, raw material costs were often lower in the United States.
But a small productivity gap and high United States wages gave Britain a competitive advantage in shipbuilding and repairing, the report said.— SPOKESMAN-REVIEW. Spokane.
What sub-type of article is it?
Historical Event
Curiosity
What themes does it cover?
Triumph
What keywords are associated?
Us Productivity
British Output
Oeec Report
Manufacturing
Shipbuilding
Fuel Production
Where did it happen?
Paris
Story Details
Location
Paris
Event Date
1957
Story Details
OEEC report shows US workers 2.2 times more productive than British in 1957, with sector variations; US leads in manufacturing and fuel, Britain in shipbuilding due to wage-productivity balance.