Move Forward minimum wage increase policy under scrutiny

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…