Report
Patrick Artus

The labour costs/skills couple and the weight of industry

In this Flash we are testing the following idea: it is the labour costs/skills couple that determines a country's ability to maintain a large industry. For example, a country with high labour costs can have a large industry if labour force skills are as high, but not if they are low. Comparing OECD countries, we see that three countries have high labour costs and low skills: the United States, France and Italy, and all three countries do have a deindustrialisation problem. Eight countries have high labour costs but high skills: Finland, the Netherlands, Sweden, Austria, Australia, Germany, Denmark, Belgium.
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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