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The Cost-of-Living Index Comparison of Garment Workers between December 2018 and December 2023

Authors: Northern University Bangladesh;

The Cost-of-Living Index Comparison of Garment Workers between December 2018 and December 2023

Abstract

An index of potential prices for living costs over a given period of time or geography is called the cost-of-living index. Bangladesh is a small nation that ranks among the top five in the world for total export value when it comes to the export of clothing. Despite being a small county, there are several reasons for this accomplishment, but one of the primary ones is the low cost of labor. In November 2023, the Bangladeshi government announced a minimum wage for garment laborers, which will go into effect in December 2023. However, the government's previous announcement of approved wages was made in October 2018 and went into effect in November of the same year. The cost-of-living index for laborers from December 2018 to December 2023 will be compared in this study. It will provide light on the rationale behind the pay modification for garment workers. According to this report, the living expenses of garment workers have increased to between 51 and 55 percent, and the government of Bangladesh has proposed raising these workers' pay by almost the same amount. Therefore, the government's salary growth rate is supported by the study. There is usually a correlation between income and expenses. It is impossible to develop garment workers without a sufficient salary and living level. To guarantee that workers have a better quality of life, all garment owners should adhere to the proposed salary increase. It's time for garment owners to pay attention to this issue as the cost of everyday necessities rises. 

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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