Table of Contents Hide
The Ministry of Labour in Thailand is considering raising the minimum wage to a maximum of 400 baht per day.
Labour Ministry Considers Raising Minimum Wage to 400 Baht
The Ministry of Labour is contemplating increasing the minimum wage in Thailand to a maximum of 400 baht per day, according to Labour Minister Phiphat Ratchakitprakarn. The exact amount of the increase will depend on the economic situation and inflation in each province. However, the maximum limit will not surpass 400 baht per day. This decision was discussed during a meeting of the Senate Labour Affairs Committee, attended by Labour Minister Phiphat and Labour Permanent Secretary Pairote Chotikasathien.
Considerations in Adjusting Minimum Wage
The committee chairman, Pol Gen Adul Saengsingkaew, emphasized the need to consider wages in other ASEAN member countries when adjusting the minimum wage in Thailand. This is to ensure that the prices of Thai goods remain competitive and to maintain an attractive investment climate. The determination of the appropriate wage rate for each province will be decided by a tri-partite wage committee consisting of labour representatives, the private sector, and the government.
Promised by Pheu Thai Party
The Pheu Thai party has made a promise in their electoral manifesto to raise the minimum wage to 600 baht per day within four years. However, the Ministry of Labour’s current consideration is to increase it to a maximum of 400 baht by December. The final decision will take into account the economic conditions and inflation in each province, as well as the competitiveness of Thai goods in the ASEAN market.
About the author
Thailand Business News covers the latest economic, market, investment, real-estate and financial news from Thailand and Asean. It also features topics such as tourism, stocks, banking, aviation, property, and more.