The Cost-of-Living Index Comparison of Garment Workers between December 2018 and December 2023

An index of potential prices for living costs over a given period of time or 
geography is called the cost-of-living index. Bangladesh is a small nation that 
ranks among the top five in the world for total export value when it comes to the 
export of clothing. Despite being a small county, there are several reasons for 
this accomplishment, but one of the primary ones is the low cost of labor. In 
November 2023, the Bangladeshi government announced a minimum wage for 
garment laborers, which will go into effect in December 2023. However, the 
government's previous announcement of approved wages was made in October 
2018 and went into effect in November of the same year. The cost-of-living index 
for laborers from December 2018 to December 2023 will be compared in this 
study. It will provide light on the rationale behind the pay modification for 
garment workers. According to this report, the living expenses of garment 
workers have increased to between 51 and 55 percent, and the government of 
Bangladesh has proposed raising these workers' pay by almost the same 
amount. Therefore, the government's salary growth rate is supported by the 
study. There is usually a correlation between income and expenses. It is 
impossible to develop garment workers without a sufficient salary and living 
level. To guarantee that workers have a better quality of life, all garment 
owners should adhere to the proposed salary increase. It's time for garment 
owners to pay attention to this issue as the cost of everyday necessities rises.