Minimum Wage Increase In Bangladesh

 

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After many protests, the Bangladesh factory workers were successful at increasing their minimum wage. The September protests caused 400 of the 5,000 factories to close. The government responded with a minimum wage increase in daily salaries from 3,000 taka ($39) to 5,300 taka ($68), effective December 1. The increase in minimum wage is expected to increase retail costs by 5-15%.

Bangladesh has the second largest garment industry and lowest wages in Asia after Myanmar. The garment industry accounts for over 2/3 of Bangladesh’s exports — a $20 billion industry for the nation.

CNN infographic on cost of making a shirt in the US versus Bangladesh:

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Via Bloomberg