Thailand needs to prepare its workforce for the digital revolution, emphasizing the importance of digital skills and readiness in the face of technological advancements, according to an SCB report.
The labor market in Thailand shows structural weaknesses including a slow recovery in labor productivity, a shift towards lower-skilled work, and declining wages.
The report also highlights the success of Singapore in prioritizing workforce skills and lifelong learning, serving as a model for Thailand’s potential transformation.
Key Takeaways
- The labor market in Thailand is facing structural challenges exacerbated by the digital revolution, requiring urgent adaptation from workers, businesses, and the government to remain competitive in the global landscape.
- Thailand’s labor market has shown rapid recovery from the COVID-19 crisis, but underlying structural weaknesses persist, such as a…
