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Typical worker in Bangladesh only earns...

S

Shadow Conception

Golden Member
1000TAKA monthly?

1USD = 68TAKA.

So this is about 14 bucks monthly. My grandparents have two servants in the house that are treated like crap, yet still do literally everything they are asked. They get provided food, shelter, and all the necessities of life. However, they only are paid 1200TAKA a month. I freaking bought a pair of jeans today for that same amount.

What is this madness?
 
Originally posted by: Shadow Conception
1000TAKA monthly?

1USD = 68TAKA.

So this is about 14 bucks monthly. My grandparents have two servants in the house that are treated like crap, yet still do literally everything they are asked. They get provided food, shelter, and all the necessities of life. However, they only are paid 1200TAKA a month. I freaking bought a pair of jeans today for that same amount.

What is this madness?
Click to expand...


This... is INFLATION!!!


 
My aunt/uncle/cousin lived in New Delhi in the 70s. My uncle worked for the CIA (read: fairly low pay) but had a house with a maid, gardener, and bowling alley. My cousin loved it there.
 
You can't just take a salary and convert it to USD. The standard of living is lower there. People make less but spend less as well.

However, I do agree that 1000TAKA is a dismal salary.
 
So if my calculations are correct, I can keep working at my current job for 3-4 more years, retire and move to Bangladesh with around ?50K and live like a king?
 
Originally posted by: Shadow Conception
1000TAKA monthly?

1USD = 68TAKA.

So this is about 14 bucks monthly. My grandparents have two servants in the house that are treated like crap, yet still do literally everything they are asked. They get provided food, shelter, and all the necessities of life. However, they only are paid 1200TAKA a month. I freaking bought a pair of jeans today for that same amount.

What is this madness?
Click to expand...

What's their cost of living?

Already expecting overreaching arguments how we're exploiting workers in blangladesh... and corporations ... sweat shops ... blah blah
 
Originally posted by: Turkish
So if my calculations are correct, I can keep working at my current job for 3-4 more years, retire and move to Bangladesh with around ?50K and live like a king?
Click to expand...

yes, until the next flood / hurricane / super typhoon

then you'll be floating down the Ganges delta feeling rather under the weather 😀

seriously tho, B'desh is the armpit of the world
 
Originally posted by: Vonkhan
Originally posted by: Turkish
So if my calculations are correct, I can keep working at my current job for 3-4 more years, retire and move to Bangladesh with around ?50K and live like a king?
Click to expand...

yes, until the next flood / hurricane / super typhoon

then you'll be floating down the Ganges delta feeling rather under the weather 😀

seriously tho, B'desh is the armpit of the world
Click to expand...

If you look at the map, it is quite literally the armpit of India. It's too bad they're cursed by geography.
 
This is what happens when you don't embrace full market capitalism. Many of India's industries are highly regulated and/or centrally planned. Most of the population (~1.1billion) are at or below subsistence wages.

This is not specifically a result of inflation, but it is a symptom. Inflation was caused by poor choices made by the Indian government, which also caused many other problems. Corruption is high in India, which keeps foreign investors away.

India needs to reduce corruption, privatize and deregulate industries, create and enforce property and IP laws, and give land ownership to citizens.
 
I knew a guy from 'desh in Iraq, had an MBA from the university of Calcutta (IIRC). He did logistics work for KBR (Halliburton), and made $700 a month as a mid level supervisor. According to him that was BANK back home. He planned on saving up for 2 or 3 years doing that, then going back home and being a rich SOB. He spoke pretty good english and was well educated, so the $700 was higher end for people from India, the non-english speaking workers from the same place started at $250-300/mo
 
Well, I just returned from a fast food joint. A plate of Biryani (yummy rice) is 200TAKA.

How the shit do people live here?

Oh, and the trip back from the place is a story on its own. We took a CNG (three-wheel scooter with hood/roof, no doors) back home, in insane traffic with menacing cars driving like fucking nutters. And then, halfway through, the CNG ran out of gas. The rest of the 4 or so miles, we took a riksha (think bikes).

And traffic here is moronic. Traffic jams are caused regularly by traffic lights, the very things that were implemented to reduce bottlenecks.
 
Originally posted by: Shadow Conception
Well, I just returned from a fast food joint. A plate of Biryani (yummy rice) is 200TAKA.

How the shit do people live here?
Click to expand...

You obviously paid the tourist price.
 
Originally posted by: Shadow Conception
Well, I just returned from a fast food joint. A plate of Biryani (yummy rice) is 200TAKA.

How the shit do people live here?
Click to expand...

They don't spend a fifth of their monthly income on a single night dinner?
 
*list price.

You can actually bargain prices here, knock off a couple hundred taka off the list price... but hunger/low dollar price was sort of not causing us to care about bargaining.
 
Originally posted by: dawks
This is what happens when you don't embrace full market capitalism. Many of India's industries are highly regulated and/or centrally planned. Most of the population (~1.1billion) are at or below subsistence wages.

This is not specifically a result of inflation, but it is a symptom. Inflation was caused by poor choices made by the Indian government, which also caused many other problems. Corruption is high in India, which keeps foreign investors away.

India needs to reduce corruption, privatize and deregulate industries, create and enforce property and IP laws, and give land ownership to citizens.
Click to expand...

India =! B'desh

as for the rest of your points, they might have been true 20 years ago - not anymore.

India's one of the top FDI destinations right now
Most industries have been decentralized/privatized
The planning has been pretty damn good - you can't go full steam into full market cap. - read up on Asian currency crisis
etc etc
 
Originally posted by: Shadow Conception
Well, I just returned from a fast food joint. A plate of Biryani (yummy rice) is 200TAKA.

How the shit do people live here?
Click to expand...

Income disparity ...

and you got ripped off
 
Corruption engulfs Bangladeshi politics, but the caretaker gov seems to be attempting to take care of the problem. Then again, corruption probably exists within the caretaker gov anyway.

I don't understand any of this stuff, I just overhear my dad talking about the stuff. American politics are so much simpler to follow...
 
Originally posted by: Vonkhan
Originally posted by: Shadow Conception
Well, I just returned from a fast food joint. A plate of Biryani (yummy rice) is 200TAKA.

How the shit do people live here?
Click to expand...

Income disparity ...

and you got ripped off
Click to expand...

Seriously, the owner must have been stoked that you paid almost a week's worth of labor for a plate of rice.
 
Originally posted by: Vonkhan
Originally posted by: dawks
This is what happens when you don't embrace full market capitalism. Many of India's industries are highly regulated and/or centrally planned. Most of the population (~1.1billion) are at or below subsistence wages.

This is not specifically a result of inflation, but it is a symptom. Inflation was caused by poor choices made by the Indian government, which also caused many other problems. Corruption is high in India, which keeps foreign investors away.

India needs to reduce corruption, privatize and deregulate industries, create and enforce property and IP laws, and give land ownership to citizens.
Click to expand...

India =! B'desh

as for the rest of your points, they might have been true 20 years ago - not anymore.

India's one of the top FDI destinations right now
Most industries have been decentralized/privatized
The planning has been pretty damn good - you can't go full steam into full market cap. - read up on Asian currency crisis
etc etc
Click to expand...

FDI doesn't mean sh't when the government itself is formed by worthless selfenriching POS politicians.
 
Don't people voluntarily leave their utterly impoverished farmlands to go to the cities to find work, so as to better themselves? It may suck by our standards, but it's a better life than what they may have had before.

Granted, that's but a part of the larger picture. I am aware that some are led into the cities and factories under false pretenses. I don't think that this is always the case though.

 
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