Pages

2005 USA Labor Values

Figure 1 and Table 1 list industries in order of declining labor values, as of 2005. Industries are as aggregated in the North American Industry Classification System (NAICS), and labor values are in units of person-years per $1,000 output. Table 1 also shows direct labor coefficients for each industry. Direct labor coefficients are the full time equivalent staff hired in each industry. Labor values for each industry are the sum of direct labor values and the labor embodied in the inputs purchased by that industry. For example, the labor embodied in the commodities produced by "Food Services and Drinking Places" includes the labor embodied in commodities purchased by such establishements from the Construction; Real Estate; Miscellaneous Professional, Scientific and Technical Services; and Wholesale Trade industries.

I can think of other analyses to do with this and related data, such as some measure of average wage in an appropriate numeraire. For example, one might examine the rate of exploitation, the variation in the organic composition of capital by industry, and the differences between prices and labor values.
Figure 1: 2005 Embodied Labor Values


IndustryEmbodied Labor Values
(Person-years per
Thousand $ Output)
Direct Labor Coefficient
(Person-years per
Thousand $ Output)
Social Assistance0.02190.0185
Food Services and DrinkingPlaces0.02000.0157
Forestry, Fishing, and Related Activities0.01920.0103
Transit and Ground Passenger Transportation0.01740.0138
Administrative and Support Services0.01720.0136
Educational Services0.01690.0134
Amusements, Gambling, and Recreation Industries0.01520.0122
Other Services, Except Government0.01520.0112
Hospitals and Nursing and Residental Care Facilities0.01460.0107
Warehousing and Storage0.01410.0127
Wood Products0.01410.00537
Apparel and Leather and Allied Products0.01390.00840
Retail Trade0.01370.0106
Accomodation0.01330.00986
State and Local General Government0.01290.00971
Furniture and Related Products0.01280.00651
Printing and Related Support Activities0.01190.00719
Textile Mills and Textile Product Mills0.01190.00548
Other Transportation and Support Activities0.01110.00908
Construction0.01100.00623
Federal Government Enterprises0.01050.00803
Ambulatory Health Care Services0.01030.00727
Fabricated Metal Products0.01020.00555
State and Local Government Enterprises0.009960.00525
Truck Transportation0.009890.00539
Motor Vehicles, Bodies and Trailers, and Parts0.009630.00226
Waste Management and Remediation Services0.009230.00492
Plastics and Rubber Products0.09220.00410
Machinery0.009200.00399
Misc. Professional, Scientific and Technical Services0.009140.00501
Miscellaneous Manufacturing0.009030.00450
Nonmetallic Mineral Products0.008980.00444
Paper Products0.008950.00302
Food and Beverage and Tobacco Products0.008900.00247
Computer Systems Design and Related Services0.008880.00627
Computer and Electronic Products0.008800.00340
Electrical Equipment, Appliances, and Components0.008800.00393
Information and Data Processing Services0.008690.00339
Other Transportation Equipment0.008470.00349
Air Transportation0.008410.00352
Performing Arts, Spectator Sports, Museums, Etc.0.008310.00512
Motion Picture and Sound Recording Industries0.008210.00371
Federal General Government0.008120.00430
Wholesale Trade0.008110.00526
Insurance Carriers and Related Activities0.008050.00372
Rental and Leasing Services and Lessors of Intangible Assets0.007840.00243
Water Transportation0.007800.00159
Farms0.007780.00264
Legal Services0.007580.00512
Management of Companies and Enterprises0.007570.00469
Publishing Industries (Includes Software)0.007510.00317
Primary Metals0.007360.00237
Rail Transportation0.006860.00326
Support Activities for Mining0.006560.00263
Fed. Reserve Banks, Credit Intermediation, Etc.0.006350.00408
Mining, Except Oil and Gas0.006230.00329
Chemical Products0.006210.00160
Broadcasting and Telecommunications0.005980.00188
Securities, Commodity Contracts, and Investments0.005420.00246
Pipeline Transportation0.005240.000922
Funds, Trusts, and Other Financial Vehicles0.005140.000918
Real Estate0.003260.000687
Petroleum and Coal Products0.003250.000274
Utilities0.002940.00133
Oil and Gas Extraction0.002500.000507

0 comments:

Post a Comment

  • Stiglitz the Keynesian... Web review of economics: Stigliz has an article, "Capitalist Fools", in the January issue of Vanity Fair. He argues that the new depression is the result of:Firing...
  • It's Never Enough Until Your He... Web review of economics: Aaron Swartz quotes a paper by Louis Pascal posing a thought experiment. I wonder if many find this argument emotionally unsatisfying. It...
  • Michele Boldrin Confused About Marx... Web review of economics: Michele Boldrin has written a paper in which supposedly Marxian themes are treated in a Dynamic Stochastic Equilibrium Model (DSGE). He...
  • Negative Price Wicksell Effect, Pos... Web review of economics: 1.0 IntroductionI have previously suggested a taxonomy of Wicksell effects. This post presents an example with:The cost-minimizing...
  • Designing A Keynesian Stimulus Plan... Web review of economics: Some version of this New York Times article contains the following passage:"A blueprint for such spending can be found in a study financed...
  • Robert Paul Wolff Blogging On Books... Web review of economics: Here Wolff provides an overview of Marx, agrees with Morishima that Marx was a great economist, and mentions books by the analytical...
  • Simple and Expanded Reproduction... Web review of economics: 1.0 IntroductionThis post presents a model in which a capitalist economy smoothly reproduces itself. The purpose of such a model is not to...
  • How Individuals Can Choose, Even Th... Web review of economics: 1.0 IntroductionI think of this post as posing a research question. S. Abu Turab Rizvi re-interprets the primitives of social choice theory...