Too little to live: Many working people are starving.
Many developing countries have a minimum wage, but it is often not enough to live from. In Bangladesh, for example, the statutory minimum wage is just €18 per month, which is far below the living wage of around €55.
According to the UN’s Food and Agriculture Organisation (FAO), hunger affected around 821 million people around the world in 2017 alone, and three in four undernourished people live in rural areas and must produce their own food. We cover how to manage these risks in our Knowledge Paper “How Companies can deal with Labour Exploitation in the Agricultural Sector“, but the key takeaway is the following…
By ensuring all workers along your supply chain get paid fair living wages and work under safe conditions, you ensure workers have sufficient resources to finance a humane living standard and won’t suffer illnesses due to their work. These actions in and of themselves aid in reaching SDGs 1 & 2, no poverty and zero hunger respectively.