And I recommend you read some Dickens. Good night.
That is what all the statistical evidence suggests.
Anecdotally, I've spent a fair bit of time in the developing world, and to me at least, it's obvious that the root source of the difference in working and living conditions between the developing world and the developed world is the comparatively lower levels of capital (tools, equipment, machinery, social capital, skills, knowledge) in the developing world.