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Facing labour shortage, Sri Lanka raises minimum wage for workers heading overseas

Facing labour shortage, Sri Lanka raises minimum wage for workers heading overseas | The Indian Express: Under their proposal, Sri Lankans will be barred from going abroad for work unless they can show evidence of future earnings amounting to more than $400 per month. “We want to discourage those who go abroad for low pay. Some of these workers can get more money if they stay back in Sri Lanka,” Finance Minister Ravi Karunanayake told AFP.
But it is a risky strategy. Roughly one in ten Sri Lankans work abroad and their remittances are the number-one foreign exchange earner for the island of 21 million. The pool of money flowing home is growing, with Sri Lankans sending USD 7.24 billion last year compared with USD 6.98 billion in 2015.
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