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Thursday, May 2, 2024

Evaluating the cost of a wage hike

Construction workers rest on an overpass section at the Na Ranong intersection in Bangkok in April. Increasing the daily minimum wage is a priority of the new administration. (Photo: Wichan Charoenkiatpakul)

Following Prime Minister Srettha Thavisin’s revelation last week that the government expects a daily minimum wage hike to 400 baht in either November or December, the business sector voiced its concerns regarding increasing costs that could eventually create an additional burden for consumers.

Raising the minimum wage will increase costs for labour-intensive industries such as agriculture, restaurants, food…

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