Election winners promise increases but FTI says pay should be tied to productivity
Labourers unload fresh produce at a wet market in Bangkok, where the current minimum wage is 353 baht a day. (Photo: Bloomberg)
Hefty wage increases promised by the winners of the general election would hurt businesses, jobs and competitiveness, the Federation of Thai Industries (FTI) warned on Tuesday.
The Move Forward and Pheu Thai parties, which agreed on Monday to form a ruling coalition after they trounced military-backed rivals, have both promised substantial increases in the minimum wage.
Move Forward has promised to raise the daily minimum wage to 450 baht, with annual revisions, from an average 337 baht…
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