Govt to Meet With Companies to Negotiate Minimum Wage Raise

[snoop1130]

 

BANGKOK (NNT) - The government will negotiate with companies to raise the minimum daily wage as part of efforts to help alleviate workers’ financial burdens. The minimum wage raise, revision in labor laws and plans to address energy issues were just some of the economic policies declared during the recent debate on the government’s policy statement.

 

Prime Minister and Finance Minister Srettha Thavisin said the government will meet with employers and employees to discuss raising the minimum wage to 400 baht, underlining the importance of doing so as soon as possible. He stressed that the wage raise is one of the government’s signature stimulus measures to revitalize the Thai economy.

 

If successful, the wage increase will help the Pheu Thai Party move closer to achieving its election pledge of ultimately increasing the minimum wage to 600 baht by 2027. The current daily minimum wage varies from province to province, ranging from 328 baht to 354 baht.

 

The prime minister also emphasized the importance of protecting employees’ rights and ensuring their security and welfare, including for migrant workers. He added that a one-stop center will be established to assist these people with documentation in a more efficient manner.

 

The premier has also instructed the Ministry of Energy to work towards addressing the issue of rising electricity rates, which affects households and businesses. He added that the government will launch new stimulus programs to boost the tourism industry, as well as look into revising regulations to ensure that all workers are protected by labor laws and receive their full benefits.

 

By Paul Rujopakarn

 

Full story: NNT 2023-09-14

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

[retarius]

I pay my staff more than 400 baht a day. Can I cut their wages then down to the minimum wage? It would save me big time ????

[mark131v]

I thought the whole role of government is to implement changes? I didn't realise they had to 'negotiate' with the business sector, wonder if this negotiation involves brown envelopes...

[RichardColeman]

If I was any company objecting to this, I would say I will not agree to it unless the government worked out a liveable pension for retired people first and put it it. They want companies pay out but not themselves to the old

[hotchilli]

11 hours ago, retarius said:

I pay my staff more than 400 baht a day. Can I cut their wages then down to the minimum wage? It would save me big time ????

If you feel the need go ahead.

[Cake Monster]

Just stop the Fat Cat Banks from lending so much money to people that have little or no means of repayment, then the people would not be Debt stressed

Simples

[kingstonkid]

4 hours ago, RichardColeman said:

If I was any company objecting to this, I would say I will not agree to it unless the government worked out a liveable pension for retired people first and put it it. They want companies pay out but not themselves to the old

Lol

 

What country has a liveable national pension.

 

Financial education matched retirement plans better banking system. 

 

These are things needed.

 

Example gf mortgage has 3 levels of payment. The highest is after she retires and no she can not make extra payments now.

[DJ54]

Farmers in Isaan would have a rough go to increase to 400… a good portion of rice is self use therefore can’t pass on the increase to buyers. Regarding labor to harvest rice… maybe the govt should subsidize the increase but would be difficult to control…