Asia's economic development is unprecented in human history. The region has gone from accounting for 16.8% of the world's economy in 1960, to 45.4% in 2015, according to data compiled by the World Economics Journal. And despite the recent economic slowdown, it remains the fastest growing region. Given this unparalleled growth, labor advocates are fighting to ensure the most vulnerable workers share in the wealth.
In Asia, this fight has focused on the minimum wage. But setting the minimum wage optimally is a difficult problem: set it too low, and it is ineffective; set it too high, and risk inflation, job losses, and encouraging informal labor where protections are nonexistent.
Is Asia's rising tide lifting all boats? And are Asian countries doing enough to ensure the well-being and dignity of their most vulnerable workers?