The tripartite Wage Committee has given the green light, by a close vote of 7 to 5, to a new method for setting minimum wages.
Ten key regions, including the bustling metropolis of Bangkok, are set to pioneer this transformative change from April onwards.
The freshly endorsed formula marks a paradigm shift, incorporating elements such as labour productivity, contribution to production, inflation rates, and economic conditions into its calculation. Labour Permanent Secretary, Pairoj Chotikasathien, announced the bold move yesterday, asserting that it’s a pivotal step towards ensuring fair compensation across the board.
According to Pairoj, the blueprint for this wage revolution will be dispatched to all provinces, initiating a crucial phase of consultation with both entrepreneurs and labour representatives. Among the initial ten regions set to…
