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Wage hike implications weigh heavy on Bangladesh apparel makers

Insights

• First minimum wage set at Taka *** (~$**.*) in 1994.
• Subsequent revisions raised minimum wage, culminating in Taka *** (**.*).
• Minimum wage now fixed at Taka **,*** (~$***.*).
• **% buyers yet to increase prices, reports claim.
• Labour constitutes major part of production cost.
• Overall cost of doing business went up by almost **% claimed some.