Contribution of the $30-billion readymade garments (RMG) sector, employing nearly four million workers, mostly women, to Bangladesh economy is undeniable. The industry has been growing at an average rate of 17 per cent annually since 1980s. The issues of minimum wages for RMG workers have been on front pages of most leading newspapers recently. While an acceptable solution to the wage-related problems is wished by all, there is another issue that is further downstream and is related to efficiency in salary payments. It has been shown in research studies that paying salary to the garments workers through mobile money can yield substantial efficiency gain for the factories.
Contribution of the $30-billion readymade garments (RMG) sector, employing nearly four million workers, mostly women, to Bangladesh economy is undeniable. The industry has been growing at an average rate of 17 per cent annually since 1980s. The issues of minimum wages for RMG workers have been on front pages of most leading newspapers recently. While an acceptable solution to the wage-related problems is wished by all, there is another issue that is further downstream and is related to efficiency in salary payments. It has been shown in research studies that paying salary to the garments workers through mobile money can yield substantial efficiency gain for the factories.
