The Chicken & Egg problem – raise Minimum Wage first or Productivity?

  The decision by the National Committee for Designating Minimum Wage on January 2nd to increase the minimum wage has left many in the garment industry dissatisfied. Union officials believed that the new minimum wage of K4800 was not enough to cover the increasingly high cost of living, especially in the cities. Instead, they advocated […]

Dilemma on minimum wages could lead to better productivity

Concern is rising among employers over demands that the minimum wage be raised to K4,800- K6,600 ($4-$5.20) per day from K3,600 per day currently. That’s a potential increase in wages of more than 80 percent, a move which, if implemented, could put many companies out of business. The Confederation of Trade Unions in Myanmar (CTUM), […]

Myanmar’s capacity, productivity still at the bottom of ASEAN, economists say

Despite its potential growth, Myanmar is still at the bottom of the Association of Southeast Asian Nations (ASEAN) in terms of capacity and productivity, economists say. “The government is responsible for microeconomic reforms, and it must develop more. The citizens also need to change a lot, to adapt to the new environment. Nowadays, we have […]