ANNOUNCEMENTS
The concept of minimum wage, fair wage and living wages has been around for centuries; yet we come across reports of perpetual debts and abysmal living conditions of workers. Incidents such as Rana Plaza disaster have brought certain industries at the forefront of living wage issues. Some brands committed to implement living wage in their supply chains but without reporting a measurable progress. It is understandable that implementing living wage across entire supply chain at once may significantly impact a company’s margins. The purpose of this study is thus to first determine Living wage and understand the gap between current wages offered by the company, the Minimum wages and finally the Living wages. This will support the organization to take small steps and analyze the impact for a small set of stakeholders at a specific location and then judge its scalability to other locations and stakeholders.
Keywords: Fair wage, Living wage, Minimum wage, Human rights, Decent living
