Minimum Wage Legislation as a Safeguard of Workers Living Standards Amid Inflation

The study examines the interplay between minimum wage policies and inflation focusing on their cumulative effects on the quality of life of minimum wage earners in Bangladesh to explore workers' experiences with financial instability, coping mechanisms, mental health challenges, and aspirations in the context of systemic economic challenges. To meet the objectives, a qualitative research approach was employed, using semi-structured interviews and observational techniques. Data were collected from workers across various sectors, including Ready-Made Garments (RMG), agriculture, manufacturing, and services, providing a rich understanding of their lived experiences. The findings reveal significant challenges faced by minimum wage earners, including chronic financial instability, restricted mobility, and limited access to healthcare and education. Despite these adversities, respondents demonstrated resilience through coping strategies such as altering consumption patterns, liquidating assets, and relying on social support networks. However, these measures often exacerbate long-term vulnerabilities. The groundbreaking study provides insightful information to the government and policymakers, highlighting the importance of a sustainable standard of living for minimum wage workers.