Dooster

Task Management Made Simple

  • Home
  • Features
  • Commentary
  • News
  • Learn More About Dooster
  • Facebook
  • Twitter
  • YouTube
  • Google+
Wages first, productivity later?

Wages first, productivity later?

April 19, 2018 By Robert M Leave a Comment

While there’s been a recent 25% increase in the minimum wage for Myanmar garment workers, they are indicating this increase is not enough to cover their continually increasing costs of living. Myanmar’s competitiveness in this industry is significantly impacted by the fact that their workers are much less productive than their counterparts in Thailand, Cambodia, Laos, and other countries. Whether or not the mid to small employers will be able to sustain these increased wages will be heavily dependent upon their workers ability to increase productivity accordingly. Regardless, a continued expectation in productivity will not afford a sustainable means for off-setting increases in cost of living. Thus, to achieve long-term competitiveness in the industry, it’s important the government investigate other means to off-set cost, such as tax reductions and infrastructure improvements.

Key Takeaways:

  • They are worried about the increase in minimum wage being too much for businesses.
  • When they increase the wages the productivity of workers may not increase to balance it out.
  • The wage increase will not likely highly effect large businesses but will greatly effect smaller ones.

“The risk associated with increasing the minimum wage is that it raises wage costs significantly but does not guarantee any increase in productivity. This could result in Myanmar losing the competitive advantage it needs to attract foreign investment in the garment industry.”

Read more: https://frontiermyanmar.net/en/wages-first-productivity-later

(abstract 31JUPBOORM3FEJL4GSP5QD4XATZL8B 3L4D84MILZR4ZOWR6DC0CVGSYH8JH6 AGY34MQXZRB0K)(authorquote 35ZRNT9RUHX1J7IVH3A1RD0GPCD3OJ 3ZAZR5XV01H3IVQF271LPY724OMCZJ A3FUTSFH39MJA5)(keypoints 3D42WVSDH7U8TX2Q7LK1UDNF6CKFYI 3AUQQEL7U5S2FJQPPUJY9RS57OVV0L AM6LICX2RIQ1Q)

Related posts:

  1. Researchers have found a surprisingly powerful effect of sleeping more – Washington Post
  2. There are 2 big reasons your pay isn’t going up – Business Insider
  3. UK jobs market ‘loses momentum’ as real wage squeeze continues – business live
  4. Maybe We’ve Been Thinking About the Productivity Slump All Wrong – New York Times

Filed Under: Commentary

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn More

Popular Posts

To Be Happier, More Productive at Work, Adjust Your Level of Complaining – Big Think

To Be Happier, More Productive at Work, Adjust Your Level of Complaining – Big Think

Complaining about your job can actually make your job seem worse. … [Read More...]

What are your project management training options? – IT PRO

What are your project management training options? – IT PRO

As project based work increases it is important that people expand their … [Read More...]

Last Minute Deal: Project Management Professional Certification Training, Save 96% – Geeky Gadgets

Last Minute Deal: Project Management Professional Certification Training, Save 96% – Geeky Gadgets

If you are looking to get your certification in project management, the … [Read More...]

About · Contact Us · Learn More
Copyright © 2023 · DOOSTER.NET