GLOBAL PERSPECTIVE 17.1 HOURLY WAGES OF PRODUCTION WORKERS, Hourly Pay in U.S. Dollars, 2016 0 10 20 30 40 50 60 SELECTED NATIONS Switzerland Wage differences are pronounced worldwide. The data Norway shown here indicate that hourly compensation in the United States is not as high as in some European nations. It is Germany important to note, however, that the prices of goods and ser- Sweden vices vary greatly among nations, and the process of con- United States verting foreign wages into dollars may not accurately reflect Netherlands such variations. Canada Japan South Korea Argentina Taiwan Brazil ... . Mexico Philippines Source: The Conference Board Inc