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Thursday, May 9, 2024

Government confirms plans to increase daily minimum wage in January

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The government has confirmed plans to raise the daily minimum wage in January, according to Prime Minister Srettha Thavisin. This is in line with an earlier agreement made by the tripartite wage committee, composed of government, employer and employee representatives. However, the Prime Minister, who also serves as the finance minister, has considered the agreed 2.37% increase insufficient.

Prime Minister Srettha‘s Pheu Thai Party has been a strong advocate for wage increases, campaigning on a populist platform to raise the daily minimum wage to 400 baht (US$11.60).

Labour Minister Phipat Ratchakitprakarn, in a conversation with reporters, disclosed, “Another investigation covering local wage rates and professional groups will conclude in March … (to determine) areas and groups that can increase wages.”

The current minimum wage, which varies…

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