Thailand delays minimum wage hike to 400 baht by two weeks

[snoop1130]

 

Thailand’s decision to delay the planned increase in the minimum wage to 400 baht per day will extend the wait by about two weeks, according to a senior labour official. This postponement, initially set for October 1, is due to the committee responsible for the hike not meeting quorum requirements in its recent sessions.

 

The committee, comprising representatives from employers, labour, and the government, has twice failed to convene with the necessary number of members. Labour Ministry permanent secretary Pairoj Chotikasathien confirmed the government will move forward as quickly as possible, emphasising that the revised minimum wage will initially apply only to businesses with more than 200 employees.

 

The increase, from the current daily wage range of 330 baht to 370 baht (US$10 to 11), aligns with the Pheu Thai party’s campaign promises. The ruling party has committed to further raising the minimum wage to 600 baht (US$18) by 2027.

 

 

 

 

This wage hike forms part of the government’s broader strategy to stimulate growth in Southeast Asia’s second-largest economy, which has been struggling with high household debt and a decelerating manufacturing sector.

 

In addition to the wage increase, the government is launching a significant economic stimulus package valued at 450 billion baht (US$13.7 billion). This initiative will distribute 10,000 baht (US$300) to each person to be spent within local communities, with the first phase expected to commence before the month’s end, reported Bangkok Post.

 

The central bank projects that the economy will grow by 2.6% this year, improving from last year’s growth rate of 1.9%.

 

By Bright Choomanee

Picture courtesy of Apichart Jinakul

 

Source: The Thaiger

-- 2024-09-24

 

[Bday Prang]

They may well delay it a bit longer as a result of the floods.       Are there any AN members  who are employed in a minimum wage job here in Thailand

I thought the 10000 baht was now limited to the disabled ?

[ikke1959]

Don't stimulate the economy by higher wages... the 10K wallet is much better... that is 30 THB a day for 1 year.....Good movements keep the people poor

[retarius]

1 minute ago, ikke1959 said:

Don't stimulate the economy by higher wages... the 10K wallet is much better... that is 30 THB a day for 1 year.....Good movements keep the people poor

Bowel movements....the only thing they can buy with 30 baht is finer

[Gottfrid]

3 hours ago, snoop1130 said:

The central bank projects that the economy will grow by 2.6% this year, improving from last year’s growth rate of 1.9%.

Will most likely be revised to 1,7% when the result stands clear.

[Peabody]

4 hours ago, snoop1130 said:

This postponement, initially set for October 1, is due to the committee responsible for the hike not meeting quorum requirements in its recent sessions.

Twice now. 1st time, no reps from the employer's side bothered to show. Wonder if they blew it off again?

If they fail to get a quorum a 3rd time, is it automatically discarded?

[hotchilli]

13 hours ago, snoop1130 said:

Thailand’s decision to delay the planned increase in the minimum wage to 400 baht per day will extend the wait by about two weeks, according to a senior labour official. This postponement, initially set for October 1, is due to the committee responsible for the hike not meeting quorum requirements in its recent sessions.

Drag it out why not...

[dinsdale]

Ah! Thailand once again showing that it is run by unprofessional idiots. What a joke. A very, very serious matter where the players don't turn up. It's just absurd.

[rumeaug]

No a bad thing. But won't cure household debt which is linked to their behaviour. The more they/'ll earn, the more they'll spend.

[itsari]

A minimum wage is designed to stop unscrupulous employers pay even less .

Be a good idea to expose companies that are only willing to pay the minimum.

I have read that in the UK there is only a small percentage of employers pay the minimum due to market forces demanding them to pay more.

What percentage of Thais are on the minimum wage ?

With wealthy business owners attitude I would guess the percentage is high