| Wage hike implications weigh heavy on Bangladesh apparel makers
14 Mar 24 6 min read
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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