Textile

Myanmar pay rises ruled out by inflation

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YANGON – Findings from a new survey conducted by the French Myanmar Chamber of Commerce and Industry has found that workers across the country’s manufacturing industries that were recipients of a pay rise last year were in fact no better off due to rising inflation rates.

The Myanmar Salary Survey 2020, which garnered responses from 500 people across the country, highlighted that pay rises failed to encompass the rising costs of living. 39 per cent of participants said they’d been rewarded with a salary increase of five per cent, though the inflation rate within this period was 8.6 per cent. 

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