Why is labor cost low in China?

Because of the high volume of materials and resins ordered by Chinese companies, the pricing would be as low as it could be. Labor is abundant and cheap in China because even though 300,000 have risen into the middle class and above, this still leaves one billion people living at the poverty level.

How much do garment workers get paid in Bangladesh?

In September 2018, the Bangladesh government moved to raise the monthly minimum wage for garment workers – for the first time in five years – to Tk 8,000 (USD 96), up from the previous Tk 5,300 (USD 63).

What are working conditions like in China?

According to China’s labour laws, a standard work day is eight hours-long, with a maximum of 44 hours a week. Any work beyond that requires extra pay for overtime.

How much do garment workers get paid in China?

Background information on garment sector The minimum wage varies by region, between 1120 RMB (US$161) and 2480 RMB (US$357) per month, falling far short of the estimated living wage of 5410 RMB (US$778) per month. Some garment workers are also eligible for bonuses and allowances for food, attendance and seniority.

Why can China produce cheap products?

One of the reasons companies manufacture their products in China is because of the abundance of lower-wage workers available in the country. China has been accused of artificially depressing the value of its currency in order to keep the price of its goods lower than those produced by U.S. competitors.

Why are products from China so cheap?

It’s much cheaper to make goods in China because of the low cost of labor and lax labor requirements. That’s why shoppers once flocked to stores like Target or Walmart, where they could buy low-priced goods imported from China.

How much do garment workers get paid in India?

Garment workers in India get around Rs. 10,000 to 12,000 (US$ 133 to 160 per month), while the living wage, as calculated by the Asia Floor Wage Alliance (AFWA) is Rs. 29,323 per month (or US$ 386).

Why is the garment industry so important to Bangladesh?

The textile and clothing industries provide a single source of growth in Bangladesh’s rapidly developing economy. Exports of textiles and garments are the principal source of foreign exchange earnings. Bangladesh is the world’s second-largest apparel exporter of western fast fashion brands.

How many people in Bangladesh work in the garment industry?

4.5 million people
According to the International Labor Organization, more than 4.5 million people work in 4,500 garment export facilities in Bangladesh, the world’s second-largest garment exporter after China.

How much do garment workers in India get paid?

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