Absolutely. A factory worker doing something that a Bangladeshi factory worker is doing (expertly but manually sewing garments or shoes) can only make comparably much to the Bangladeshi worker, and would need to survive in comparable conditions, unable to afford more.

Places like Bangladesh are experiencing the industrial revolution; to remember what it looked like in England, read some Dickens (or even K. Marx, haha); for the US, read some Mark Twain or Theodore Dreiser. It was bleak.

The paradise of 1950s, when a Ford factory worker could be the only breadwinner in a middle-class family, was only possible because most of the rest of the world was devastated by WWII, from which the US emerged relatively unscathed.