Impact of Price Hike on the Low-Salaried Employees: A Case Study in Dhaka Metropolitan City.

In the world of globalization and competition, businesses organizations worldwide aim to directly and indirectly satisfy or please their customers. The cost of essential commodities has increased significantly in Bangladesh. Government data indicates that during the previous year, from August 30, 2022 to August 30, 2023, the prices for many essential commodities livelihood, including onion, garlic, potatoes, fish, beef, sugar, eggs, and ginger, increased by 25 to 234 percent. The increase in the cost of essential food items has a significant effect on the livelihood of Bangladesh's marginalized population, particularly low-paid workers. The current increase in the price of necessities combined with the high cost of goods on the global market could lead to further inflation, which would be detrimental to the lives of those in the marginalized group. Price hikes for necessities may compel them to alter their consumption habits and reduce the amount or quality of food they eat. A study on people's attitudes and behaviors, as well as the circumstances of lower middle-class individuals who greatly struggle against economic crises, was recently commissioned by the researcher. The study finds that the majority of people (97.7%) in the Dhaka metropolitan area and other regions of the nation are having a very difficult time adjusting to the hike in prices. This research endeavors to examine the effects of price hikes on low-wage workers residing in Bangladesh's Dhaka Metropolitan areas.