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Asian workers' pay in Korea slightly higher than minimum wage

SEOUL, June 17 (Yonhap) -- Wages of foreign workers in South Korea from 10 Asian nations including Indonesia, Uzbekistan and Sri Lanka were slightly higher than the minimum wage, a poll showed Monday. The survey by the Korea Federation of Small and Medium Business in May showed that Asian workers in South Korea earned a monthly average of 1,621,000 won (US$1,437), including sundry allowances like overtime pay and bonuses. A total of 1,058 Asian workers were polled in the survey.

S. Korea sees deep income gap among OECD members

SEOUL, May 28 (Yonhap) -- South Korea ranked ninth in terms of income disparity in 2010 among the 34 member countries of the Organization for Economic Cooperation and Development (OECD), a report showed Tuesday. South Korea's top 10 percent in the income bracket held an average income 10.5 times higher than that of the lowest 10 percent in 2010, above the OECD members' average of 9.4 times, according to the OECD report. The data are the latest available for comparison and high numbers indicate more serious income disparity.

Bangladesh to raise garment workers' minimum wages

Bangladesh has set up a panel to raise the minimum wage for more than three million garment workers, a minister said Sunday, after a series of disasters highlighted the poor conditions they endure. "We've set up a minimum wage board for the garment sector. We did it in view of the workers' demand to hike their salaries," textile minister Abdul Latif Siddique told AFP. A typical Bangladeshi garment worker takes home less than $40 a month, a wage that Pope Francis has condemned as akin to slave labour.

Bangladesh plans to raise wages for garment workers after factory collapse raises scrutiny

DHAKA, Bangladesh - Bangladesh's government plans to raise the minimum wage for garment workers after the deaths of more than 1,100 people in the collapse of a factory building focused attention on the textile industry's dismal pay and hazardous working conditions. A new minimum wage board will issue recommendations for pay raises within three months, Textiles Minister Abdul Latif Siddiky said Sunday. The Cabinet will then decide whether to accept those proposals. The wage board will include representatives of factory owners, workers and the government, he said.

French PM prods firms over slow takeup of tax credits

By Leigh Thomas PARIS (Reuters) - The French government conceded on Thursday that businesses have been slow to tap a tax scheme billed as helping them compete for orders, create jobs and revive the stalled economy. Socialist President Francois Hollande has promised to reverse the country's steady loss of business to foreign competitors by bringing down labour costs, which have grown faster than the euro zone average over the last decade.

Bicol water station business fills the cup to the brim of union workers

The Department of Labor and Employment’s (DOLE) livelihood intervention did not only answer their clamor for additional income.

Cambodian hikes wages for garment workers

Cambodia has raised the minimum wage for its garment workers by 20 percent, following a series of strikes over pay and conditions, but union leaders said Friday it was not enough. The monthly minimum wage for the hundreds of thousands of workers who make clothes for firms such as Levi Strauss of the US and Sweden's H&M will rise from $61 to $75, the government said. Workers will also be given an additional $5 a month for healthcare, according to a government announcement on state-run television late Thursday. The increase will take effect from May 1, it added.

Gap between rich and poor widening in Spain: charity

The income gap between the richest and poorest people in Spain has widened by 30 percent since 2006 due to the country's sharp economic downturn, the Spanish branch of Catholic charity Caritas said Wednesday. Falling salaries, government cuts to social benefits and high unemployment --- currently at a record 26 percent --- are behind the "unprecedented rise in income inequality" which is among the highest in the European Union, the charity said in a new report.

COLUMN-The political clout of the super-rich-Chrystia Freeland

(Chrystia Freeland is a Reuters columnist. Any opinions expressed are her own.) By Chrystia Freeland MIAMI, Feb 28 (Reuters) - Louis D. Brandeis, the American jurist, famously warned: "We may have democracy, or we may have wealth concentrated in the hands of a few, but we can't have both."

COLUMN-Putting the magnifying glass on the 1 percent-Chrystia Freeland

(Chrystia Freeland is a Reuters columnist. Any opinions expressed are her own.) By Chrystia Freeland NEW YORK, Feb 7 (Reuters) - Academics can be dismissive of the concerns of the popular media. But when it comes to the growth of the super-rich, the tabloids may have gotten it right.
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