Meanwhile, the neck and neck RMG export competitor Vietnam (11.3%) observed the highest increase of real minimum wage growth.Īddressing the issue, Dr Mansur said, "This is not desirable and a matter of deep concern too." This was the largest decrease in Asia and the Pacific region. Globally, the median value of gross minimum wages for 2019 is $486 per month, indicating that half of the countries across the globe have minimum wages set lower than this value, and half have minimum wages set higher.īangladesh has seen 5.9% decrease in real minimum wage growth annually, from the period between 20. "Productive workers can get an annual pay rise automatically."
Instead, we should focus on increasing our labour productivity. The report mentions that out of 149 countries, only Bangladesh and Angola have not yet made any schedule for the next adjustment of the minimum wage.Ībout the issue, Dr Mansur said, "Amid this Covid-19 crisis and the ongoing export situation, if the minimum wage is increased now, unemployment may rise further.
Nepal is following the chart-topper Pakistan with a minimum wage level of $396 in this region, and Afghanistan is just behind Nepal with $306.Īt the bottom end, Bangladesh and India is followed by Sri Lanka, which has the third lowest minimum wage level of $247 in the South Asia region.īangladesh revises the minimum wage every five years and last did it in December 2018. In the region, Australia has the highest monthly minimum wage of $2,166 in terms of PPP, followed by New Zealand with $2,126 and South Korea with $2,096.
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