Impact of new Legal Minimum Wage in Bangladesh on Labour Minute Value

Effective 1 December 2018, the legal minimum wages in Bangladesh rises by 51%. With this obviously also come a responsibility for brands to revisit their price levels. In anticipation of this, Fair Wear Foundation undertook research with suppliers in Bangladesh to assist in the development of a labour costing tool that could assist suppliers and buyers in determining a factory’s cost of one minute of labour, and with that identify the actual increase which would need to be applied to the manufacturing price to cover the increase in labour cost brought about by the rise in minimum wage.

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