60m people earn below Tk 10,000 per month

Staff Correspondent

14 June, 2021 12:00 AM printer

The government has to strengthen the market drives to break the syndicates to benefit the common people as 60 million people or one-third of the country’s total population earn below Tk 10,000 per month, according to the keynote of a webinar held on Sunday.

Presenting the keynote, labour leader Razekuzzaman also mentioned that there are only 43 wage boards in the country of which 33 have not been updated since 2013.

Consumer Association of Bangladesh (Cab) organized the virtual discussion. Dhaka University Prof MM Akash and Cab advisor Prof Shamsul Alam joined the meeting as guest speakers. Cab President Golam Rahman presided over the discussion.  

In the keynote, Razekuzzaman highlighted that 46 percent of country’s total wealth is owned by 10 percent of the population. Besides, higher middle-class holds another 21.49 percent of the total wealth.

Citing study of economist Dr Abul Barkat, the keynote speaker further said the middle class and lower middle class own 26 percent of the country’s total wealth while 40 percent population is poor who own only 7.63 percent of the wealth.

The labour leader also urged the government to review the daily wages in accordance to the geographical locations.

“At present, a skilled labourer in City Corporation earns Tk 600 per day while the figure is Tk 575 for unskilled workers. Besides, a labourer in a divisional city gets only Tk 550 for working morning to evening. It’s hard to live on such an income,” he said.

Prof M Shamsul Alam said rising inflation and reckless price hike are making things even more difficult for the middle class people.

Prof Moloy Kumar Bhowmik and Barrister Jyotirmoy Barua also joined the session among others.