Why are workers paid so little?
Supply and demand “Many of the ‘essential’ occupations are easy to enter, and jobs with a large supply of potential workers are paid less,” said Wojciech Kopczuk, an economic professor at Columbia University.
Because there are far more people who can fill such roles, they tend to command a “pretty low wage.”.
How much do garment workers get paid in Bangladesh?
The majority of garment workers in Bangladesh earn little more than the minimum wage, set at 3,000 taka a month (approximately £25), far below what is considered a living wage, calculated at 5,000 taka a month (approximately £45), which would be the minimum required to provide a family with shelter, food and education.
What is minimum wage in Bangladesh?
Minimum Wages in Bangladesh is expected to reach 8000.00 BDT/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations.
What is a living wage in Bangladesh?
Urban Bangladesh Living Wage. ৳16,460. Bangladeshi Taka per Month. = $US 214 per Month. Updated May 2016.