Employment Situation In The Shipbuilding Industry PDF Download

This study presents a detailed analysis of the labor market of the United States shipbuilding industry. Primary emphasis is given to the wage rates and earnings in shipbuilding and their apparent impact on industry turnover and mobility. It appears that the noncompetitive wages and earnings of older, more experienced workers in shipbuilding results in a loss of these workers to the construction and durable manufacturing industries. To correct this loss, the findings suggest that the wages of older, more experienced shipbuilding workers be increased to levels competitive with those is other industries. In part, the resulting higher wage costs can be offset by dampening pay increases of young workers and through reduced training costs and improved productivity. (Author).