# Thailand may increase the minimum wage for the second time this year

- Link: https://www.thailand-business-news.com/business/127809-thailand-may-increase-the-minimum-wage-for-the-second-time-this-year
- Published: 2024-02-26T18:01:37+07:00
- Author: Thai Law

The tripartite wage committee is reassessing the daily minimum wage in Thailand,
prompted by a government push for an increase – the second one proposed this year.

The decision follows a 2.37% wage hike implemented in January, which Prime Minister
Srettha Thavisin finds insufficient, particularly for workers in the southern regions.

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## Sub-panels Formed to Deliberate on New Wage Rate

The committee, comprising government, employer, and employee representatives, has
formed two sub-panels to deliberate on the new wage rate. Factors under consideration
include inflation, [GDP growth](https://www.thailand-business-news.com/economics/126773-thailands-2023-gdp-growth-falls-short-of-forecast-to-1-9),
and labor productivity, with last year’s inflation rate reported at 1.23% and the
National Economic and Social Development Council adjusting its GDP forecasts for
2023 and 2024 to 1.9% and 2.7%, respectively.

## EconThai Suggests Certain Professions and Regions Might See 400 Baht a Day

EconThai suggests that while the new minimum wage might not reach 400 baht a day
for all workers, certain professions and regions could see this increase. This is
in line with the Pheu Thai Party’s proposal for a gradual rise to 600 baht by 2027,
starting with 400 baht this year.

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## Migrant Workers to Benefit Most from Proposed Wage Adjustment

Tanit Sorat, vice-chairman of EconThai, predicts that migrant workers will primarily
benefit from the proposed wage adjustment to 400 baht a day, as many Thai workers
already exceed this threshold.