Posted 10/9/2023, 11:15:00 PM
Myanmar Military Regime Raises Minimum Wage by 20% Amid High Inflation
- Myanmar's military regime raised the minimum wage by over 20%, the first increase since 2018
- The wage hike is an effort to gain support from citizens suffering from high inflation
- The increase is the first major wage reform since the military seized power in February 2021
- The new minimum wage took effect October 1 nationwide, covering all sectors
- The increase was forced by a weakening currency and soaring prices in Myanmar