Minimum Wage Law for Cambodia's Factory Workers

Alex · Post by **Alex** » Tue Sep 05, 2023 8:18 am

CEOCambodiaNews wrote: ↑Tue Sep 05, 2023 1:08 am After nearly four hours of discussion, the workers ‘representatives proposed a figure of $215; the employer side put the figure at only $201

Just meet in the middle and make it $208 then, you useless time-wasting wankers. Next.

Anchor Moy · Post by **Anchor Moy** » Tue Sep 05, 2023 11:43 am

Alex wrote: ↑Tue Sep 05, 2023 8:18 am
CEOCambodiaNews wrote: ↑Tue Sep 05, 2023 1:08 am After nearly four hours of discussion, the workers ‘representatives proposed a figure of $215; the employer side put the figure at only $201
Just meet in the middle and make it $208 then, you useless time-wasting wankers. Next.

A $1 increase is clearly time-wasting. IMO this is a ploy for the new govt to step in and appear to save the day and resolve the stalemate with a proposed minimum wage closer to what Alex mentions. And it will be accepted by everyone this time. Win-win and back-slaps all round.

Spoiler:

truffledog · Post by **truffledog** » Tue Sep 05, 2023 2:12 pm

I have deep respect on those who can survive on a 200$ salary (sometimes even having a family/kids).

phuketrichard · Post by **phuketrichard** » Tue Sep 05, 2023 2:22 pm

just throwing this out there

as min wage goes up, costs goes up, as costs go up the price of goods goes up and ur right back where you started>

newkidontheblock · Post by **newkidontheblock** » Tue Sep 05, 2023 10:13 pm

phuketrichard wrote:just throwing this out there

as min wage goes up, costs goes up, as costs go up the price of goods goes up and ur right back where you started>

Except competitiveness with workers in other countries goes down.

If costs rise too much, companies that make products requiring workers who only add manual labor to a product will go elsewhere where the wage for such labor is much lower.

Then it’s lose - lose.

Cambodia desperately needs to increase its educational levels so it’s workers don’t get left behind in the global work force.

Will it happen?

truffledog · Post by **truffledog** » Tue Sep 05, 2023 11:20 pm

phuketrichard wrote: ↑Tue Sep 05, 2023 2:22 pm just throwing this out there

as min wage goes up, costs goes up, as costs go up the price of goods goes up and ur right back where you started>

Only partially true. Too simple an equation. If the material costs are 90% of total costs a 10% increase in wages has only a very little effect on the total product cost.

There is many other factors to be considered (one of them beeing productivity another one the mix of work and capital engaged for production). If wages was the only criteria Switzerland would not be competitive in any business sector (having some of the highest wages in the world).

newkidontheblock · Post by **newkidontheblock** » Wed Sep 06, 2023 1:26 am

Switzerland does not compete in markets were manual unskilled labor determines much of the product.

They have a highly skilled workforce and delivers product that commands that increased price.

For example Swiss watches. A highly skilled watch maker is much more valuable that a Cambodian factory garment worker and is paid accordingly.

The better the analogy is the unskilled Vietnamese or Indian garment worker against the similarity unskilled Cambodian garment worker. All things being equal, businesses will pick lower costs in the long run.

Cambodia needs to train it’s workforce to a higher level than India or Vietnam in order for businesses to justify the higher wages.

truffledog · Post by **truffledog** » Wed Sep 06, 2023 3:00 am

newkidontheblock wrote: ↑Wed Sep 06, 2023 1:26 am
The better the analogy is the unskilled Vietnamese or Indian garment worker against the similarity unskilled Cambodian garment worker. All things being equal, businesses will pick lower costs in the long run.

Cost is not determined by wages only. Productivity is what counts at the end. And all other things never beeing equal.

If all other things WERE equal, wages may have a more important role. Quality of the work, reliability and many other factors are more important today when making a decision to buy from one country/business or the other.

newkidontheblock · Post by **newkidontheblock** » Wed Sep 06, 2023 9:56 pm

truffledog wrote:
newkidontheblock wrote: ↑Wed Sep 06, 2023 1:26 am
The better the analogy is the unskilled Vietnamese or Indian garment worker against the similarity unskilled Cambodian garment worker. All things being equal, businesses will pick lower costs in the long run.

Cost is not determined by wages only. Productivity is what counts at the end. And all other things never beeing equal.

If all other things WERE equal, wages may have a more important role. Quality of the work, reliability and many other factors are more important today when making a decision to buy from one country/business or the other.

So are you saying that Cambodian minimum wage work is a much high quality and much more reliable that the same work from Vietnam or India?

The Cambodian minimum wage is already much higher than those countries. An even further increase would mean that Cambodia believes it’s workers are more reliable and higher quality.

CEOCambodiaNews · Post by **CEOCambodiaNews** » Thu Sep 28, 2023 5:53 pm

55 mins ago - BREAKING NEWS
Garment workers’ minimum wages raised for 2024

Prime Minister HM has announced a raise in garment workers’ minimum wages for 2024

The PM announced the increase in wages for workers in the textile, garment, footwear and travel products and bags will be $4 more for 2024, which will increase the minimum wage of workers to a total of $204 dollars per month

The Prime Minister confirmed through his official Facebook page that “A while ago, I received a report from HE Heng Sour, Minister of Labor and Vocational Training on the election results of the National Council for the Minimum Wage on three figures: $ 202, $ 204, and $ 213, of which $ 202 received 46 out of 51 votes and $ 213 received 5 out of 51 votes.

According to the vote on each figure and according to the law on the minimum wage, the National Minimum Wage Council will set the figure of $ 202 as the minimum wage figure for 2024.

I have been following this minimum wage discussion from the beginning. Helping to improve the living standards of the people, including the workers, is the highest priority of the Royal Government.

Based on the practical possibilities that the Royal Government can facilitate for the employers, I have decided to add $ 2 to the figure of $ 202 as a result of the National Minimum Wage Council election.

Therefore, the new minimum wage for 2024 is $ 204 per month.
https://www.khmertimeskh.com/501368227/ ... -for-2024/

Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

Re: Minimum Wage Law for Cambodia's Factory Workers

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