Bangladesh remains stuck in low-wage economic trap despite visible economic development, which has been largely contributed by labourers, including farmers, RMG workers, and.
Dr Zahid Hussain said there is some progress in the investment to GDP ratio, trade intensity and the share of industrial employment in total employment, but the rate of progress is decreasing
Bangladesh's export basket growth appears relatively stagnant, adding only nine products between 2006 and 2021, compared to competitors like Vietnam's 41, India's 16, and Thailand's 31. From these products, Bangladesh has earned an average of $823 million annually, whereas Vietnam's earnings amount to $145 billion, Professor Selim Raihan said at a seminar today, citing a study
Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past 18 months consecutively, according to the Bangladesh Bureau of Statistics (BBS).