Wage Hike In Thailand Worries Foreign Investors

[rreddin]

If you applaud a wage-hike with 20% of the lowest and then say it will not affect the office-workers etc, then think again. Wages going up by restaurant etc people has to be covered in prices going up 20%. The ripple-effect would be that prices most likely goes up more than the 20% that started it...and voila, the low-income most likely are same or worse off, the middle-class is suddenly affected highly - but without any wage-increase to offset it - and foreign investors of both factories and offices in their stalls will look elsewhere. Leading to a decline in the middle class and lower class homes overall income as the amount of unemployed workers will increase.

That is a fallacious argument that was raised when the National Minimum Wage was introduced in the UK and every time the NMW has been increased. Every time, the argument you put forward has been proved wrong. The only people who oppose a decent living wage are those who want to profit from the low paid.

[TAWP]

If you applaud a wage-hike with 20% of the lowest and then say it will not affect the office-workers etc, then think again. Wages going up by restaurant etc people has to be covered in prices going up 20%. The ripple-effect would be that prices most likely goes up more than the 20% that started it...and voila, the low-income most likely are same or worse off, the middle-class is suddenly affected highly - but without any wage-increase to offset it - and foreign investors of both factories and offices in their stalls will look elsewhere. Leading to a decline in the middle class and lower class homes overall income as the amount of unemployed workers will increase.

That is a fallacious argument that was raised when the National Minimum Wage was introduced in the UK and every time the NMW has been increased. Every time, the argument you put forward has been proved wrong. The only people who oppose a decent living wage are those who want to profit from the low paid.

You make statements that isn't supported by facts.

But I didn't expect better.

[whybother]

In most western countries, a rise in minimum wage is usually associated with an increase in productivity.

Do the supporters of large increases in minimum expect productivity increases in Thailand too?

[rreddin]

If you applaud a wage-hike with 20% of the lowest and then say it will not affect the office-workers etc, then think again. Wages going up by restaurant etc people has to be covered in prices going up 20%. The ripple-effect would be that prices most likely goes up more than the 20% that started it...and voila, the low-income most likely are same or worse off, the middle-class is suddenly affected highly - but without any wage-increase to offset it - and foreign investors of both factories and offices in their stalls will look elsewhere. Leading to a decline in the middle class and lower class homes overall income as the amount of unemployed workers will increase.

That is a fallacious argument that was raised when the National Minimum Wage was introduced in the UK and every time the NMW has been increased. Every time, the argument you put forward has been proved wrong. The only people who oppose a decent living wage are those who want to profit from the low paid.

You make statements that isn't supported by facts.

But I didn't expect better.

It is a shame that you had to resort to making a gratuitous insult. I shall not reciprocate, but merely point out that you have made a solecism in your reply.