Members of the Federation of Thai Industries (FTI) are concerned about the Move Forward party’s policy to increase the minimum wage to 450 baht/day.
The Move Forward Party’s proposal to increase the minimum wage to 450 baht per day has sparked mixed reactions from businesses and workers. While some see it as a way to boost the purchasing power of low-income earners and stimulate the economy, others fear it will lead to higher costs, layoffs and closures of small and medium enterprises (SMEs).
Key Takeaways
- Members of the Federation of Thai Industries (FTI) are expressing concern over Move Forward party’s policy to increase the minimum wage to 450 baht/day.
- Businesses want the minimum wage to be increased step by step instead of in one go, so they will have time to make adjustments.
- The MoU signed by the coalition led by Move Forward includes items such as abolition of all…