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Friday, May 17, 2024

Thai Labour Minister pledges tailored minimum wage hike

Photo: Freepik.

Labour Minister Phiphat Ratchakitprakarn has committed to increasing the minimum wage to a suitable level in the upcoming year. However, a standard daily rate of 400 baht will not be uniformly applied across all sectors. Some industries, like tourism, currently exceed this proposed baseline.

The ministry, in conjunction with employers and employee representatives such as the Federation of Thai Industries and the Thai Chamber of Commerce, is collectively analysing an appropriate minimum wage rate.

The revised level will consider factors such as inflation rate, cost of living, and variations between provinces and different industries rather than setting a uniform 400 baht rate.

The minimum wage study is projected to conclude in November, with the announcement of the new minimum wage expected to be a New Year’s present for employees, starting January of the…

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