Workers welcome wage rise but businesses concerned over higher costs

[snoop1130]

 

Move Forward’s policy to raise the minimum wage in Thailand to 450 baht/day immediately, or the Pheu Thai party’s step-by-step increase to 600 baht/day, have sparked widespread reaction, with workers welcoming the move and business operators, big and small, expressing serious concern that, if implemented at one time, they would raise their production costs.

 

Chantanon Wannakejohn, secretary-general of the Office of Agricultural Economics, said that a minimum wage increase will definitely affect the farming sector.

 

Labour, he said, accounts for 17.4% of production costs in the agricultural sector, while other costs are incurred by fertilizers and pesticides, adding that some farmers have turned to machinery to reduce the labour cost.

 

Full Story: https://www.thaipbsworld.com/workers-welcome-wage-rise-but-businesses-concerned-over-higher-costs/

 

-- © Copyright Thai PBS 2023-05-29

 

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[hotchilli]

13 hours ago, snoop1130 said:

Move Forward’s policy to raise the minimum wage in Thailand to 450 baht/day immediately, or the Pheu Thai party’s step-by-step increase to 600 baht/day, have sparked widespread reaction, with workers welcoming the move and business operators, big and small, expressing serious concern that, if implemented at one time, they would raise their production costs.

They could always cut the CEO salary and perks?

[Ralf001]

6 minutes ago, hotchilli said:

They could always cut the CEO salary and perks?

Small Business' will be hardest hit, do they have CEO's on large salaries loaded with perks ?

[RichardColeman]

Oh well, here comes the complete annihilation of people making money from scrap bottles, plastic and card collections - Thailand unemployment and refuse about to explode

[soi3eddie]

Did anyone else here notice prices increase after the minimum wage was introduced some years ago? I was shocked at how low some workers were paid and glad to see minimum wage imposed. How any workers in Bangkok, and other cities, can survive on just over 300 Baht per day is hard to beleive. One thing for sure is that big business owners won't feel any pain if it is increased. Smaller businesses may struggle though. There's a lot of aspects to any increase, however these low paid workers (such as security guards, kitchen staff, factory workers, farm labourers and construction workers etc.) do need support.

 

[SpaceKadet]

"...Labour, he said, accounts for 17.4% of production costs in the agricultural sector, while other costs are incurred by fertilizers and pesticides, adding that some farmers have turned to machinery to reduce the labour cost..."

 

About bloody time Thailand joined the 21st century.

[Partenavia]

The price of everything has gone up, how on earth people are expected to live on 300 baht per day beats me. It's been stuck at that for years.

[scottiejohn]

29 minutes ago, Partenavia said:

how on earth people are expected to live on 300 baht per day beats me. It's been stuck at that for years.

Where do you get 300baht per day from?

 It actually ranges from 328-354 depending on the province.
https://wageindicator.org/salary/minimum-wage/thailand