PM Prayut says Thailand aiming to become a high income country in 17 years

[dcnx]

I bet he had to use his fingers to count to 17. 
 

 

[jerojero]

Right. Where the current minimum wage for 75% of the population is $10 per day. Maybe he was high when saying high income....

[Jack P]

Maybe they are planning on replacing the low IQ locals with more high IQ Chinese?

[Lemonltr]

He'd better keep quiet about Thailand being rich otherwise countries might then wonder why they are allowing such an imbalance in import and export tariffs. 

[FritsSikkink]

20 hours ago, kevvy said:

how long have the Thai's been being paid 250/300 baht a day ? 17 years ...

That is only the minimum wage pay, there are more and more jobs paying way over 60K a month.

[khunPer]

"High income country", does that mean it's going to be more expensive for expats to live here...????

[Percy P]

20 hours ago, kevvy said:

how long have the Thai's been being paid 250/300 baht a day ? 17 years ...

80% of Thais don't pay income tax for the simple reason they don't earn enough money to pay it.

[Percy P]

18 minutes ago, FritsSikkink said:

That is only the minimum wage pay, there are more and more jobs paying way over 60K a month.

Quite right but only 20% of Thai workers pay income tax. The other 80% dont earn enough to pay it. 

[Jane Dough]

21 hours ago, kotsak said:

I wonder how they can say such things with a straight face ????

Years and years of training. So much so that they are now even able to fool facial recognition technology.

 

Rooster

[the guest]

... and pigs might fly !

[outsider]

21 hours ago, webfact said:

all Thai people will share equally in the fruits of development and none will be left behind

Wow, he kept a straight face saying that. What a lying sack of <insert choice word>.

 

21 hours ago, webfact said:

enact laws to facilitate investment by Thai and foreign investors

What laws? Laws like the TM30 malarkey? Speaking of foreign investors, did you hear the one where there were no foreign takers for your high-speed trains?

 

[bbi1]

18 hours ago, BestB said:

Quite the norm for security to work 12 hour shifts worldwide

 

Security wages are also not 9000 but 14000 plus in many case free room and food.

 

 

You mean the security guards who work at all these condos are making 14k plus free room & food? Or are you talking about security as in bouncers at the nightclubs?

[Moo 2]

When are the next elections?

[Caldera]

His aim is way off, as per usual.

[off road pat]

21 hours ago, kotsak said:

I wonder how they can say such things with a straight face ????

They are so used to this as politicians....it has become a second nature.

[Tambs2020]

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[beau thai]

Interesting to know what steps he has taken since he took power that really benefit the underpaid poor majority, given that thai society has become more unequal on his watch. Most recently he asked politicians to explain to the poor people devastated by floods, how government really works, so they dont keep asking him for money!! Seriously.

Obvious steps such as building a social security safety net by increasing sales tax on non essentials (exclude food and clothes) escape him.

His help to the poor seems limited to letting them devastate lives of others by freely burning undergrowth, so they can make money from mushrooms once a year. Thanks

Thai rich get richer (and escape justice); thai poor get poorer (and face severe penalties for stealing a couple of coconuts). 

So what steps is PM taking to fix this....

 

 

[Luke2]

17 years and all Thai people will be sharing the wealth! Considering that Bangkok will apparently be under water in 15 years I guess the Thai population will move to different countries for that wealth. 

[brucec64]

This is not possible given current growth rates in thailand. Economists say that a minimum GDP per capita of 14k usd is required to qualify as a developed country, and that a more realistic number is 24k. Thailand has a gdp per capita of 6.5k, and a 3% growth rate on average at best. This means 10.5k in 17 years (and the 14k target will be higher by then.) Thailand would need to hit at least 5% growth every year to meet that target, a rate china is even having a problem with now. And given Thailand's coup cycle every 4 to 5 years that pushes GDP growth to zero, I dont see how thailand plans on getting there.

Sent from my SM-N950F using Thailand Forum - Thaivisa mobile app

[wazzupnow]

maybe when he stops buying war toys and spreads that money around in thailand

[natway09]

It is now, for a very few, & that's the way they want it to stay

[Stoker58]

Massive income inequality. Massive. Luxury watches for the few. Long hours and poverty and debt for the many.

[pookondee]

6 hours ago, Dogmatix said:

You had better do something more for education for ordinary folk rather than rote learning, saluting the flag and stealing or wasting most of the bloated education ministry budget. You won’t get into higher valued added industries without a well educated work force capable of reading English or some other language in which a broad spectrum of information is available. This economic vision is not going to happen while only the children of Chinese merchants and corrupt civil servants and politicians have access to education. There are too few of them.

why do that? 

I remember a certain person saying how Thai could be the worlds main language in years to come.

555

[Scott Tracy]

Time for another army coup?

[Fex Bluse]

1 hour ago, brucec64 said:

This is not possible given current growth rates in thailand. Economists say that a minimum GDP per capita of 14k usd is required to qualify as a developed country, and that a more realistic number is 24k. Thailand has a gdp per capita of 6.5k, and a 3% growth rate on average at best. This means 10.5k in 17 years (and the 14k target will be higher by then.) Thailand would need to hit at least 5% growth every year to meet that target, a rate china is even having a problem with now. And given Thailand's coup cycle every 4 to 5 years that pushes GDP growth to zero, I dont see how thailand plans on getting there.

Sent from my SM-N950F using Thailand Forum - Thaivisa mobile app
 

Good points.

 

Not to mention that the Thai Sino elite very likely are perfectly happy with keeping the country undeveloped and serving their interests.

[chilli42]

How brazen is this man that he makes stuff up like this with no economic strategy, plan roadmap to get there?  If things were functioning as they should he would be called out on this.  

[joskeshake]

High income ? for work people, so more than 329 baht a day, congratulations, good joke

[Benmart]

On 9/26/2019 at 4:03 PM, kotsak said:

I wonder how they can say such things with a straight face ????

The "Handbook of Deception and Confusion" covers such topics. It's been used by a steady stream of world leaders; elected, self appointed and so forth.

[transam]

On 9/26/2019 at 4:05 PM, SmartyMarty said:

????????????????????  you couldn't write this stuff.

I would be  to embarrassed too....

[Cake Monster]

I wonder just how many folk at this lunch needed emergency Choking Procedures performed upon them when this was said.