Dhaka, Feb. 21 -- Bangladesh should annually review its wage-setting process, as apparel workers in the country who are paid the minimum wage are losing income year-on-year due to current inflation rates, said a policy brief from Cornell University.

The brief, titled "Waiting Game: Minimum Wage-Setting in Bangladesh's Apparel Industry", by the Global Labor Institute (GLI), a part of Cornell University ILR School, was published recently. It made five key recommendations, including institutionalising the annual review of minimum wages and scheduling a review of the 2023 minimum wage in 2025.

The GLI, which is dedicated to independent quantitative research and action, analysed Bangladesh's national minimum wage-setting policy as the new go...