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The private sector has voiced significant concerns over the government's proposal to implement a fixed minimum wage of 400 baht across Thailand, fearing potential negative repercussions for businesses. Sanan Angubolkul, chairman of the Joint Standing Committee on Commerce, Industry and Banking, emphasised today that the minimum wage should account for the distinct economic conditions of each province. He urged the Tri-partite Wage Committee to respect the suggestions made by the provincial wage subcommittees, advocating against a one-size-fits-all approach.

 

Sanan clarified that while the private sector supports initiatives to enhance workers' livelihoods through wage adjustments, a uniform rate could misalign with economic variations nationwide. He cited that a vast majority of provincial subcommittees—around 90%—consider the proposed 400-baht wage as disconnected from regional realities.

 

 

In light of global economic uncertainties, including geopolitical tensions and climate change, increasing the minimum wage to a flat rate could elevate production costs, diminishing the competitiveness of Thai products on the international stage. This move could adversely affect vital sectors like agriculture and services, potentially leading to job losses or even business failures.

 

Sanan called on the National Wage Committee to provide compelling justification for the nationwide wage proposal. Rather than a blanket wage increase, the private sector suggests aligning pay with skill levels, advocating for improved skill development among Thai workers to better meet various industry needs.

 

-- 2024-12-09

 

 

Maybe the industry should lower the wages, so that people are unable anymore to buy things...m They will going bankrupt and that will be much better because of their greed... The bosses and CEO's will have big wages and bonusses, while the people hardly can make ends meet, Do they think it will motivate these people to work better? They have already long days and it seems they are the modern slaves, just enough to eat, but nothing more and the businesses cry fool if they think they the have to invest in workforce. The government should make a monthly wage for everybody of at least 12,5k a mont for a 6 day workweek of max 9 hours a day. 

If people earn more they can spend more and that will be good for the business, but that seems Thai don't understand