Skyrocketing prices of essential commodities, amidst surging inflation, have eroded real wages in Bangladesh.
This was underlined by economists and analysts, as per reports, who further observed the stymied growth in the wage rate index (WRI) compared to higher inflation rate severely affects the low-income group people even if they claimed if the lower WRI continued against the higher inflationary pressure, many will slip down the poverty line.
Speaking to the media, Research Director at the Centre for Policy Dialogue (CPD), Dr. KG Moazzem, reportedly, maintained the high inflation was weighing down the real wages of the labourers in particular, even as analysts in general observed the inflationary pressure has hit the general populace massively as prices of all products are on the rise in retail markets.
It may be mentioned here WRI is an important indicator for measuring the trend and changes in the aggregate wages of the wage earners and is aimed to measure the movement of nominal wages of low-paid skilled and unskilled labour over time in different sectors of the economy.
The WRI is also used to measure changes in real wages relative to prices of goods they buy.
