Thailand job losses may hit 10 mln if virus outbreak drags on

[miamiman123]

What about all those unsold condos that keep the lights on at night?

what about all those dealerships for new cars that are piling up and just sitting there? What about those ole clinker lots?

what about those hotels with no tourists in them? 
what about no tourists for a long ling time?

 

what about all those bank employees with no were to go?

uuumh??? It ain’t gonna be pretty!

What about all those English Program schools with NO English teachers? Hell forget those good Bio/chem teachers....you will be lucky to find K1 teachers after this!!! 

[Bundooman]

14 hours ago, eeworldwide said:

I have to agree. The stats are not adding up at all.
Whilst I want to believe the best about the number of cases in Thailand and the dead etc etc, it simply does not add up. And if the stats ARE true, then we really dont need curfew and all the shutdowns, right?

I'm sorry, I just don't get this viewpoint.

 

I don't know anyone who has this virus and I don't know anyone who knows somebody else that has It, and I, like many of us, have daily access to a whole range of Thai people through work, Facebook, Line, Email, my Thai family and their friends, families, etc., etc..

 

Social media would be the first to jump onto and highlight increasing cases of people dying in the streets, overcrowded hospitals, family members swamping the media with reports of Covid19 in their households, doctors or nurses anonymously leaking panic statements, concerns, exhaustion, mental and physical issues, overwhelming cases of bodies piling up at the temples, hugely increased activity of funerals and a myriad of other significant indicators that "the statistics don't add up"!

 

But there aren't such indicators, are there? If there are - why isn't this site flooded with anecdotal incidences of the country being overwhelmed - anywhere?

Pure nonsense speculation.

 

 

[Georgie65]

Farang beware!!! Stay safe boy's... Who wants to buy a beer bar??? LM<deleted>AO!!!!!!

[smudger1951]

13 hours ago, rasmus5150 said:

China will come to the rescue and buy all the bankrupt businesses.

 

It's already starting. Failing business etc is being taken over by the Chinese. Some would call it financial aid, some would call it master-plan succeeded...

Yes, I can believe that will happen in other countries as well. Governments will issue bonds to finance the debt and China will buy them. Companies and property will be snapped up by Chinese citizens. All part of the belt and road.

[Snackbar]

5%, fall in economy?

 

There are genuine academics then there are those who climb the ladder by other means. 
 

 

 

[Assurancetourix]

This only confirms what I saw from my first weeks in Thailand already fifteen or sixteen years ago.
Millions of Thais who "work" informally, generally earning barely enough to survive and on the other hand official government figures proud to announce that this country is enjoying full employment with ridiculous unemployment. about 1%.
Except that reality has nothing to do with it.
We can see it very well with this Covid-19 crisis;

these millions unpaid workers find themselves in the soup kitchen at the slightest negative thrill in the economy of this country with clay feet.
In reality if the accounts were made as in France or in a European country, Thailand does not have 1% of unemployed but rather 20 to 25% who try with bits of string to survive by selling everything and anything on city sidewalks.

 

With this, these millions of Thai people who try to survive by selling clothes or food on the night markets do not pay social contributions or taxes elsewhere;
and when the crisis occurs there is obviously no redistribution of money that they have not paid out preventively.

[chrisinth]

15 hours ago, eeworldwide said:

I have to agree. The stats are not adding up at all.
Whilst I want to believe the best about the number of cases in Thailand and the dead etc etc, it simply does not add up. And if the stats ARE true, then we really dont need curfew and all the shutdowns, right?

IMO the stats (if correct) are what they are because of the shutdown. Lift the shutdown and expect a lot more deaths; infections and deaths will certainly not be as low as we are seeing now. Rough it out or have a better economy with a lot more deaths?

 

Rock and a hard place.

[The Deerhunter]

16 hours ago, Liverpoolfan said:

Hope they have plenty savings in the bank and haven't squandered it all on big cars and smart phones.

 

Times are about to get tough! 

For most of the unfortunate MILLIONS it will be Tobacco, Lao Khao and beer:    And motorbikes rather than big cars.

[The Deerhunter]

55 minutes ago, miamiman123 said:

What about all those unsold condos that keep the lights on at night?

what about all those dealerships for new cars that are piling up and just sitting there? What about those ole clinker lots?

what about those hotels with no tourists in them? 
what about no tourists for a long ling time?

 

what about all those bank employees with no were to go?

uuumh??? It ain’t gonna be pretty!

What about all those English Program schools with NO English teachers? Hell forget those good Bio/chem teachers....you will be lucky to find K1 teachers after this!!! 

Perhaps even K9 teachers will hard to find?

[POPEY]

i make a proposition.take this jobless people and let them clean enviroment from all the rubish they put there.

for sure,against salary instead of spreat helicoptermoney.

 

advantage:

-less depression,violence,alcoholism,because they have something to do.

 

-good for the nature,because basement of our life.

 

-together with education 1 hour/day people will learn:bad idea to put rubish everywhere,because victim also is the human rasse.

 

-clean thailand is much more attractiv for guest after corona.they will come back and than new jobs get createt again.

[The Deerhunter]

12 minutes ago, Assurancetourix said:

This only confirms what I saw from my first weeks in Thailand already fifteen or sixteen years ago.
Millions of Thais who "work" informally, generally earning barely enough to survive and on the other hand official government figures proud to announce that this country is enjoying full employment with ridiculous unemployment. about 1%.
Except that reality has nothing to do with it.
We can see it very well with this Covid-19 crisis;

these millions unpaid workers find themselves in the soup kitchen at the slightest negative thrill in the economy of this country with clay feet.
In reality if the accounts were made as in France or in a European country, Thailand does not have 1% of unemployed but rather 20 to 25% who try with bits of string to survive by selling everything and anything on city sidewalks.

 

With this, these millions of Thai people who try to survive by selling clothes or food on the night markets do not pay social contributions or taxes elsewhere;
and when the crisis occurs there is obviously no redistribution of money that they have not paid out preventively.

How true. In high industrialized areas like Chonburi, Chacheongsao and Ayutthaya almost any able bodied folk without criminal or drug connections can earn 450 to 650 or more, baht a day.  However, many other millions in the various less developed regions scrape by on little except part time incomes and depend on family contributions from out of province.  And that for old people is to supplement their old age pension which may still only be around B600 a month.  And even if the honest taxed earner had contributed, how lucky might they be to receive an equitable share of their contribution to the state purse after the big rats raided the cheese store, as always?  Difficult times are very likely ahead for quite a few millions, to say the least.

[The Deerhunter]

27 minutes ago, chrisinth said:

IMO the stats (if correct) are what they are because of the shutdown. Lift the shutdown and expect a lot more deaths; infections and deaths will certainly not be as low as we are seeing now. Rough it out or have a better economy with a lot more deaths?

 

Rock and a hard place.

For the unconnected and non-elites.

Edited April 14, 2020 by The Deerhunter

[Thaijack2014]

16 hours ago, eeworldwide said:

I have to agree. The stats are not adding up at all.
Whilst I want to believe the best about the number of cases in Thailand and the dead etc etc, it simply does not add up. And if the stats ARE true, then we really dont need curfew and all the shutdowns, right?

Maybe one of the reasons that there are so few infected and deaths is because Thailand reacted in time???

[Isaan sailor]

They hitched their wagon to the CCP, and the wheels came off.  Now being dragged through the Wuhan virus swamp.

[DPKANKAN]

16 hours ago, RichardColeman said:

So, 10 million will lose jobs (25%+ of the population) due to less than 1 days death toll on the road ? Something does not add up there or someone is not being honest somewhere about something

But that is probably based on those registered to work or pay taxes, excluding all the day to day, hand to mouth food & fruit etc. stalls scattered everywhere!! ????????????????????????????????

[ronaldo0]

I think double that . Cars , houses , bikes etc will be getting repossessed everywhere due to non payment. Pawn shops will be refusing goods as they have so many and any they take the seller will be getting next to nothing for it . Crime involving robbery and theft will go up and shop lifting will be regular occurrence I’m sure. 
This is only near the start of people not having an income , 4 weeks from now real desperate needs will be seen if people don’t get back to work. 

[Dazinoz]

1 hour ago, Snackbar said:

5%, fall in economy?

 

There are genuine academics then there are those who climb the ladder by other means. 
 

 

 

I knew a guy who climbed the ladder to success. His boss's name was Cess.

[kentrot]

SIGN OF THE TIMES:

Here in Jomtien - the number of "For-Sale's" is over 7,500 and rising. And prices are dropping to half. And yet there are still indications that developers refuse to leave one blade of grass un-turned . Condo projects are going up like "CANCER" taking over it's host.

 

This reminds me of the song "Pave Paradise, put up a parking lot". We will be / are already  looking at a ghost town of empty shells.

 

My opinion is --- this is what rich people -- Thai's , Chinese, Russians, .. --  do with their spare cash rather than put it in financial institutions that are more risky.

 

What a f*&%^$g eyesore of empty concrete shells this area has become.

MAP- showing 30 of 7,504 properties for sale.

 

[hotchilli]

17 hours ago, webfact said:

Thailand, which has recorded 2,579 cases of infection and 40 deaths

A figure it keeps boasting about, but what does the 660,000 people "at high risk" being observed at home actually mean?

Hidden figures?

[Miami007]

2 hours ago, Bundooman said:

I'm sorry, I just don't get this viewpoint.

 

I don't know anyone who has this virus and I don't know anyone who knows somebody else that has It, and I, like many of us, have daily access to a whole range of Thai people through work, Facebook, Line, Email, my Thai family and their friends, families, etc., etc..

 

Social media would be the first to jump onto and highlight increasing cases of people dying in the streets, overcrowded hospitals, family members swamping the media with reports of Covid19 in their households, doctors or nurses anonymously leaking panic statements, concerns, exhaustion, mental and physical issues, overwhelming cases of bodies piling up at the temples, hugely increased activity of funerals and a myriad of other significant indicators that "the statistics don't add up"!

 

But there aren't such indicators, are there? If there are - why isn't this site flooded with anecdotal incidences of the country being overwhelmed - anywhere?

Pure nonsense speculation.

 

 

Governments all over the world have scared people out of their minds.

Most people recover after mild symptoms but the entire world is coming to a stop.

 

Rich people or rich countries will be able to buy at a huge discount. Banks will make money in the USA as they are loaning funds to people - increasing their debt.

 

Governments have a blue print on what to do when it is necessary to control the population 

 

 

[kensisaket]

15 hours ago, Roy Baht said:

Savings? What the hell is that? Thais don't just need a regular income to live on. They need it to pay down the monthly debt payments for things they bought but could not afford. This will lead (has led) to crime and social chaos. Lock your doors and buy a gun.

For a country who you claim has no savings riddle me this batman. Why are there long queues in the banks? 

[shackleton]

Wow some of the comments on here about Thailands future 

Job wise 

Reading them the bar owners restaurants and anyone to do with the Tourist industry must be worrying times coming up

Most would have be hoping for a reasonable lockdown time of 3-6 months at the most

[Henryford]

I bet there will be loads of repossessed cars in the next few months as people fail to make payments.

[Millcx]

17 hours ago, eeworldwide said:

I have to agree. The stats are not adding up at all.
Whilst I want to believe the best about the number of cases in Thailand and the dead etc etc, it simply does not add up. And if the stats ARE true, then we really dont need curfew and all the shutdowns, right?

The numbers don’t add up with the rest of SEA .. Obviously they have found the magical cure .. Is it the spend spend spend or the Songkran sun .. It’s wrong and government fears anarchy

[Jaxxper]

16 hours ago, anterian said:

what about the millions of undocumented jobs which have ceased.

Yes, a very valid point. There was lots of black income around especially in the entertainment areas that never gets recorded which supports the families in rural Thailand.

[kingdong]

2 hours ago, Assurancetourix said:

This only confirms what I saw from my first weeks in Thailand already fifteen or sixteen years ago.
Millions of Thais who "work" informally, generally earning barely enough to survive and on the other hand official government figures proud to announce that this country is enjoying full employment with ridiculous unemployment. about 1%.
Except that reality has nothing to do with it.
We can see it very well with this Covid-19 crisis;

these millions unpaid workers find themselves in the soup kitchen at the slightest negative thrill in the economy of this country with clay feet.
In reality if the accounts were made as in France or in a European country, Thailand does not have 1% of unemployed but rather 20 to 25% who try with bits of string to survive by selling everything and anything on city sidewalks.

 

With this, these millions of Thai people who try to survive by selling clothes or food on the night markets do not pay social contributions or taxes elsewhere;
and when the crisis occurs there is obviously no redistribution of money that they have not paid out preventively.

Thailand's going to get hit by a s**tstorm,watch the baht tumble.

[tomauasia]

I really feel for these people.now. All because of some dirty Chinese. A China should be blocked forever 

[kingdong]

16 minutes ago, kensisaket said:

For a country who you claim has no savings riddle me this batman. Why are there long queues in the banks? 

People realising there may be trouble ahead.?

[Foghorn]

18 hours ago, RichardColeman said:

So, 10 million will lose jobs (25%+ of the population) due to less than 1 days death toll on the road ? Something does not add up there or someone is not being honest somewhere about something

The real reason why there is so much panic about this is road deaths usually effect the poor ,on motorbikes and small cars ,the rich have escorts ,roads closed and large solid vehicles. The chinese virus effects all ,rich and poor ,therefore things need to be done to protect the elite in the world

Edited April 14, 2020 by Foghorn

[Tony Vacharee]

Will be tough, avg debt/household in Thailand is 500,000฿. So..