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Minimum Wages in Apparel Manufacturing Countries: Oct. 2020 Update (Statistical Report)

2020-10-14 19:08:22| EmergingTextiles.com

The minimum wages are frozen in low-cost countries in Asia, reflecting the need for apparel exporters to protect their competitive advantage on a deeply disrupted global market. Minimum wages have even declined in most countries when converted in US$ terms, as reflected by our data series. Our report displays minimum wages in low-cost apparel manufacturing countries in Asia, from January 2015 to September 2020, in local currency and US$ terms. A 5-year comparison is available in local currency terms, 2015 US$ terms, and nominal US$ terms. [ more ]

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