Tuesday, March 5, 2024

Labour Ministry Plans to Increase Minimum Wage to Bt400 by December

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The Ministry of Labour in Thailand is contemplating raising the minimum wage to a maximum of 400 baht per day. The decision on the exact increase will depend on the economic situation and inflation in each province. The committee chairman emphasized the need to consider wages in other ASEAN member countries to maintain competitiveness. The determination of the appropriate wage rate will be decided by a tri-partite committee.

The Pheu Thai party promised to raise the minimum wage to 600 baht per day within four years. However, the Ministry of Labour is currently considering an increase to a maximum of 400 baht by December. The final decision will take into account economic conditions, inflation, and Thai goods’ competitiveness in the ASEAN market.

Source link : Labour Ministry Plans to Increase Minimum Wage to Bt400 by December

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