Myanmar regime ups minimum wage by 20% amid inflation

First increase since 2021 forced by currency depreciation, soaring prices

20231009 Myanmar factory

Garment workers at a factory in Yangon in 2019 before the military torpedoed the Burmese economy. © Reuters

Nikkei staff writers

BANGKOK/YANGON -- Myanmar's military regime has made its first major wage reform since seizing power on Feb. 1, 2021, with the first minimum wage increase since 2018, raising workers' wages up by over 20% in an effort to win support from citizens suffering from soaring prices.

According to the state-run Global New Light of Myanmar newspaper on Sunday, the new wage will be effective from Oct. 1 in all places of work and factories nationwide, regardless of sector.

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