Statistics of number of hours worked and real compensation

According to a report by the ILO, the average number of hours worked per year in OECD countries has been increasing since the early 1990s. In 2015, the average OECD worker worked 1,762 hours per year, up from 1,637 hours in 1990. This increase has been driven by a number of factors, including globalization, technological change, and the increasing demand for flexibility from employers.


The increase in working hours has been accompanied by a decline in real compensation, which is the amount of money that workers take home after inflation. In 2015, the average real hourly wage in OECD countries was 8.3% lower than it was in 1990. This decline has been driven by a number of factors, including the decline of unions, the offshoring of jobs, and the increasing use of temporary contracts.

The decline in real compensation has had a number of negative consequences for workers. It has made it more difficult for workers to make ends meet, and it has contributed to a decline in the quality of life for many workers. It has also led to an increase in inequality, as the wealthy have been the main beneficiaries of the increase in working hours.

A number of policies could be implemented to address the problems of rising working hours and declining real compensation. These include:
Increased minimum wage: A higher minimum wage would give workers more bargaining power and help to reduce inequality.
Strengthening of unions: Stronger unions would be able to negotiate better wages and working conditions for their members.
Increased investment in education and training: A more educated and skilled workforce would be better able to compete in the global economy and command higher wages.
Investment in infrastructure: Investing in infrastructure would create jobs and boost productivity.
Promoting job creation: Governments should take steps to promote job creation, such as cutting red tape and providing tax incentives for businesses.