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Sunday, April 28, 2024

Private sector opposes wage hike

On Labour Day this past Sunday, workers paraded from Democracy Monument to Government House to urge the government to meet their minimum daily wage demand of 492 baht. (Photo: Apichit Jinakul)

A proposal by labour advocacy groups to increase the daily minimum wage to 492 baht is drawing stiff opposition from entrepreneurs who fear the hike in a volatile economy will deal a blow to businesses.

The last minimum wage increase was in January 2020, when it rose to a range of 313 baht to 336 baht, according to labour advocates.

While the government is considering an appropriate pay rise, Tanit Sorat, vice-chairman of the Employers’ Confederation of Thai Trade and Industry, said wages should be increased if the inflation rate exceeds…

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