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Ethiopia’s Garment Workers are World’s Lowest Paid –Report

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  • Ethiopia’s Garment Workers are World’s Lowest Paid –Report

Ethiopian factory workers are now, on average, the lowest paid in any major garment-producing company worldwide, a new report says.

The report by the New York University Stern Centre for Business and Human Rights comes as Ethiopia, one of Africa’s fastest-growing economies, pursues a bold economic experiment by inviting the global garment industry to set up shop in its mushrooming industrial parks, Associated Press reported.

“The government’s eagerness to attract foreign investment led it to promote the lowest base wage in any garment-producing country — now set at the equivalent of $26 a month,” according to the authors of the report, Paul M. Barrett and Dorothée Baumann-Pauly.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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