Minimum Wages in Apparel Manufacturing Countries
Minimum wages have been increased in low-income countries as of January 1st. However, when factoring in inflation, the minimum wages have shown minimal growth over the past nine years, and in some countries, they have even declined, leading to social unrest, as seen in Bangladesh. Our report presents minimum wages in low-cost apparel manufacturing countries in Asia from 2015 to 2024, both in local currency and US$ terms. Real wages have been calculated, and we provide a 9-year comparison in local currency terms, 2015 US$ terms, and nominal US$ terms. You can download the data for your reference.