A Higher Minimum Wage for Mongolia but at What Cost?

Mongolia’s economic expansion, driven by its mining boom, has set the stage for major shifts in social policy. Among them is the government's decision to raise the minimum wage by 20%, bringing it to MNT 792,000 (~$230) per month starting from April 2025.

The minimum wage hike is designed to ease the pressures of rising living costs and boost wages for the country’s lowest earners. But beneath the well-meaning rhetoric lie a tangle of potential risks that threaten to muddy the waters.

Want to read more?

Subscribe to mongoliaweekly.org to keep reading this exclusive post.

Subscribe Now