Isn't it the dollar exchange rate that determines the price of American work worldwide, by far?
no no Bangladesh China Vietnam are very poor countries meaning their workers earn a tiny amount and can afford to buy a tiny amount compared to Americans.
Because they earn a tiny amount they produce goods cheaply. Exchange rates have little or nothing to do with it.
Funny how you lump them altogether.
China is by far a wealthier country than either Vietnam or Bangladesh- and wages are much higher in China than either Bangladesh or Vietnam- which is why lots of labor intensive manufacturing- such as wearing apparel is moving from China to Vietnam or Bangladesh(or Pakistan or India)