Latest Asia Floor Wage figure in Local Country Currencies
In 2012 the AFW figure is 540 PPP$.
The AFW Alliance revises the figure every year.
The last ground level survey for the food basket (that anchors the AFW figure) was done in 2009. Since then, we have been revising the AFW PPP$ figure using Consumer Price Indices and the less-frequent World Bank's own PPP$ conversion factors for private consumption. We believe that this revision method works at best for three years.
In 2013, the AFW figure will be anchored back into the ground level survey for the food basket costs from different countries.
Most of the world's garments are made in Asia. Yet Asian workers are paid the least.
All garment workers in Asia need a wage increase. But often, when workers struggle to improve their wages and conditions in one country, companies relocate to another country, where wages and conditions are lower.
So workers are afraid to fight for better wages, because they might lose their jobs.
The Asia Floor Wage Campaign is a response to this problem. We propose a floor wage for garment workers in Asia .
The Asia Floor Wage, is different in each country's national currency, but has the power to buy the same set of goods and services in all countries.
An Asia Floor Wage for the garment industry will help us fight poverty, develop economically with decent labour standards, and improve the lives of workers who are mostly women.