Grim Employment Prospects Loom Over Thailand

[impulse]

8 minutes ago, Ben Zioner said:

By my standards half the males are unemployed in LOS.

 

I think they count the guys scrounging water bottles to recycle for <100 baht a day as "employed".

 

[steven100]

If you go to Thaiwatsadu or Home Pro or other big stores you will see more staff than shoppers. 

 

Way too many staff would be eating into their bottom line $$$  and thereby lowering their profit margin,  it's a recipe for disaster. 

[Ralf001]

1 hour ago, steven100 said:

 

I don't believe this  .....   this is not in line with Thai labour law requirements.  They would be breaking the law.

 

someone is telling porkies .... 

yes, I do believe ikke1959 is telling porkies.

I suggest you direct your post to him/her as I did not post what you quoted.

[HappyExpat57]

21 hours ago, watchcat said:

 

Almost all cars are on credit.

Remember some years back that "million new cars" project Thailand did? A friend of mine sells cars, and about a year after that project hit the road, his business tanked due to all the defaulted cars that hit the market.

[Ralf001]

6 minutes ago, HappyExpat57 said:

Remember some years back that "million new cars" project Thailand did? A friend of mine sells cars, and about a year after that project hit the road, his business tanked due to all the defaulted cars that hit the market.

 

First time car buyer scheme?

 

Yeah, that was a Bt.100,000 tax refund if the purchased vehicle had an RRP of Bt. 1,000,000 or less.

 

Majority of defaults is down to the finance companies not ensuring the loan applicant met their lending criteria.

[HappyExpat57]

9 minutes ago, Ralf001 said:

 

First time car buyer scheme?

 

Yeah, that was a Bt.100,000 tax refund if the purchased vehicle had an RRP of Bt. 1,000,000 or less.

 

Majority of defaults is down to the finance companies not ensuring the loan applicant met their lending criteria.

Same thing with the NINJA loans the US allowed which led to the housing bubble crash.

[LittleBear57]

19 hours ago, watchcat said:

 

Isn't this normal ?

 

 

2 hours ago, steven100 said:

 

Why oh why do you have to bring the US into this article  ?

it's solely about Thailand's unemployment ....   nothing, absolutely nothing to do with the US Costco business model.

 

The problem here is different,   the big shops like your Tesco, Big C, Power Buys, Home Pro etc ...  employ far too many staff .... they could cut them by 50% and still have them standing around doing nothing.

 

The problem here is consumer numbers are down, they are the worst numbers ever recorded except when COVID-19 was in progress. 

The Thai people and expats are spending less,  so if no customers then staff are not required. 

As an expat here. I am bringing over less money now, not because I'm poorer or the exchange rate is bad. Just watching and waiting on the tax situation. Spending more of my money on holidays outside of Thailand.  Laos and Vietnam gain at Thailands expense. 

I can't be the only one .

Agree many shops always seem over staffed, not sure about Big C or Makro as there is never anyone on our check outs, in Sattahip.