The Thai Chamber of Commerce predicts a potential ripple effect on businesses, following the Cabinet’s decision to approve a 10% salary increase for state officials. The chairman of the chamber, Sanan Angubolkul, anticipates that this move may compel businesses to raise their wages to attract skilled employees.
The salary increase for new state employees will result in a monthly income of 16,500 baht in their first year, increasing to 18,000 baht in the second year. This adjustment, particularly impactful to small and medium-sized enterprises, may present financial challenges for business owners who wish to attract skilled employees.
Sanan Angubolkul noted that employers would need to adjust the salaries of current employees earning less than 18,000 baht per month.
“This will pose a financial burden on employers.”
Private institutions, such as schools and…
