It’s true that I live in rural Portugal. I’m not exactly starring at regular red carpet events, my clothing budget doesn’t have to carry that sort of strain.
And yet, modern life has become rather cheap, no?
And yes, there was significant use of the discount rails of older stock. But, yesterday’s insistence by the other half that a clothing upgrade was necessary led to two pairs of trousers, a hoodie, five t-shirts, two pairs of shorts, some cotton not espadrilles but of that sort of thing and a set of jammies. For a fraction under €60.
Thank the Lord for those sweatshops in Bangladesh, eh – where, yes, most of this was made. Those same sweatshops which provide 80% of export revenue, pay triple the national minimum wage, employ 4 million people and are the major cause of the country’s 6 to 8% annual GDP growth for the past two decades.
Bangladesh has made remarkable progress in reducing poverty, supported by sustained economic growth. Based on the international poverty line of $1.90 per person per day, it reduced poverty from 44.2 percent in 1991 to 13.8 percent in 2016/17. In parallel, life expectancy, literacy rates and per capita food production have increased significantly. Progress was underpinned by 6 percent plus growth over the decade and reaching to 7.3 percent in 2016/2017, according to official estimates. Rapid growth enabled Bangladesh to reach the lower middle-income country status in 2015. In 2018, Bangladesh fulfilled all three eligibility criteria for graduation from the UN’s Least Developed Countries (LDC) list for the first time and is on track for graduation in 2024.
Sounds like a bargain to me and the joy is that it actually works.
Yet still there are those against this. Difficult to understand, isn’t it?