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Prime Content | 
Wage hike implications weigh heavy on Bangladesh apparel makers

14 Mar '24
6 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • First minimum wage set at Taka 930 (~$8.47) in 1994.
  • Subsequent revisions raised minimum wage, culminating in Taka 8,000 (~$72.87).
  • Minimum wage now fixed at Taka 12,500 (~$113.85).
  • 79 per cent buyers yet to increase prices, reports claim.
  • Labour constitutes major part of production cost.
  • Overall cost of doing business went up by almost 20 per cent, claimed some.

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