The Labor Minister is confident of announcing a nationwide wage hike of 400 baht per day on October 1, 2024, and is certainly set to discuss with the Commerce Ministry to curb product prices.
On October 1, 2024, the Minister of Labor Mr. Pipat Ratsakitprakarn expressed hope. Because the Permanent Secretary of the Ministry of Labor Mr. From discussions with Pierrot Chotikasthian and the subcommittee that considered the minimum wage rate, there is some consensus that it is time to adjust wages again in Thailand.
There is a consensus that it is time to reform the wage again in Thailand. And there is a view that prices of consumer goods, which are already inflated prematurely, should be curbed. Bibot said
At the same time, it also seems that prices of consumer goods, which are already inflated prematurely, need to be controlled. He will discuss with Deputy Prime Minister Mr. Poomtham Vechayachai. and Minister of Commerce Help look at the product prices because otherwise this wage hike will not work. This is where things get very worrisome if the price of consumer goods increases.
If there is an increase in the minimum wage, Mr. Bibat said that for the first time since his appointment by the Prime Minister, entrepreneurship in many sectors was discussed. The minimum wage for large industrial operators is higher at 400 baht/day. But concerns that could have a significant impact on SMEs will be discussed on May 13 with the Federation of Thai Trade (FTI), the Thai SME Confederation. And in what areas would you like the government to help entrepreneurs across multiple industries?
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