myanmar minimum wage 2019
On 2nd January 2018, the National Committee for Setting the Minimum Wage (âNational Committeeâ) issued the Notification No.1/2018 to propose the new minimum wage for all employees who work in Myanmar to Kyats 600/hour (Kyats 4,800/day with eight working hours) (the âNotificationâ). Myanmar instituted sweeping increases to the national minimum wage in 2018, boosting the rate to MMK4800 ($3.40) per eight-hour day, up from the MMK3600 ($2.55) rate set in September 2015. Myanmar has a government-mandated minimum wage, and no worker in Myanmar can be paid less then this mandatory minimum rate of pay. 1 The figure for Laos was the equivalent of US$130 per month 2 and for Vietnam US$118â171, depending on location. The minimum wage is valid for the capital Yangon and throughout the country, ⦠There is no salary cap in Myanmar. The minimum monthly earnings used to calculate contribu-tions are the legal monthly minimum wage. The minimum monthly wage of workers in textiles and footwear industry in Cambodia rose by 1 percent to USD 192 in January of 2021. By 1950 the minimum wage had risen to $0.75 per hour. 4800 MMK per day (8 working hours), 600 MMK per hour (Notification No. Appx. Publish your articles and forecasts in our website.
, Minimum wage with effect from May 14, 2018, Minimum wage with effect till April 30, 2020, Living Wages Data - Availability January 2021 - Countries and Regions, Regional Living and Minimum Wage in Azerbaijan, Iraq and Kyrgyzstan in National Currency, United Arab Emirates - Living Wage Series - September 2020, Living and Working in Times of the Coronavirus, Frequently Asked Questions - Corona Work Life project - WageIndicator. Per Day. Rank by Min. In March 2018, the National Minimum Wage Committee set a new minimum wage of MMK 4,800 per day (approximately US$3.10 per day). As workers become more skilled, Myanmarâs minimum wage has also increased, rising in May from 3,600 kyats per day to 4,800 kyats, following a year-long national consultation by a Tripartite National Minimum Wage Committee. 2/2018, 2018-05-14) Employer with at least 10 employees shall pay not less than Minimum Wage rate; Can pay more than Minimum Wage but not less than; If wage in Employment Contract is less than Minimum Wage rate, it is void 2015-2019 Data | 2020-2021 Forecast | Historical | Chart, source: National Minimum Wage Committee of Myanmar. Powered by the WageIndicator Foundation - Share and compare wages, understand Labour Laws and spot career opportunities. As of October 2018, the minimum monthly wage in Myanmar was 144,000 kyat (about US$91 per month). 10Y. Yearly Minimum Wage. Are Minimum Wages often updated and up to date? The Biden administration wants to raise the minimum wage to $15 an hour, which opponents say would hurt small businesses during the COVID-19 recession. With immediate effect, ⦠Changes in minimum wage rates are likely to be of significant concern to apparel brands and retailers sourcing from Southeast Asia in 2019, with pay in many countries continuing on an upward trajectory. A group of 26 workers at one of the factories raided in 2019 by officials sued the owner - Kanlayanee Ruengrit - in August last year for failing to pay the 3.5 million baht owed to them. WageIndicator uses prices from the Cost of Living Survey to calculate Living Wage in ⦠National Minimum Wage. Salaries in Myanmar range from 138,000 MMK per month (minimum salary) to 2,430,000 MMK per month (maximum average salary, actual maximum is higher). Yangon 19 Jan 2020. Wages per month are calculated as 4.33 times if a weekly wage is defined. USD 0.44) Geographical scope In the entire Union of Myanmar In the entire Union of Myanmar Exceptions for small and family enterprises If 15 or less employees If 10 or less employees MINIMUM WAGE. Direct access to our calendar releases and historical data. Everybody deserves a living wage. The federal minimum wage was introduced in 1938 at the rate of $0.25 per hour (equivalent to $4.54 in 2019). Per Hour. Minimum wage with effect from May 14, 2018 Minimum wage with effect till April 30, 2020.