Bangladesh’s Struggling Job Market: A Government Failure in Regional Comparison
Bangladesh’s job market is in crisis, with rising operating costs leading to widespread layoffs and limited job opportunities. Inflation, fueled by global disruptions like the Russia-Ukraine war and the pandemic, has exacerbated the situation. Bangladesh now ranks behind regional peers like India, Pakistan, and Vietnam in average monthly salary, highlighting the government’s failure to maintain a competitive and stable job market. As other nations take proactive steps to protect their economies and workers, Bangladesh’s inaction leaves its workforce struggling with low wages and shrinking employment prospects. Urgent reforms are needed to prevent further decline.