News Forum - Minimum daily wage in Thailand looks set to increase to 492 baht

[astro]

2 hours ago, Soidog said:

It has to push up prices as you rightly say. This is a pay rise which as far as I know has not been met by improved productivity. Nothing is for free. 

Of course prices will go up.

But they will go up less than the minimum wage increase, higher salary groups will likely demand a rise as well, but far less percentage wise, they'll still get a good wedge more money - it's been explained earlier. That's the idea of minimum wage: those on the bottom will have a net increase of purchasing power.

In case of Thailand, the proposed wage rise is far to high to be sustainable and would have an adverse effect.

[Soidog]

2 minutes ago, astro said:

Of course prices will go up.

But they will go up less than the minimum wage increase, higher salary groups will likely demand a rise as well, but far less percentage wise, they'll still get a good wedge more money - it's been explained earlier. That's the idea of minimum wage: those on the bottom will have a net increase of purchasing power.

In case of Thailand, the proposed wage rise is far to high to be sustainable and would have an adverse effect.

Agreed when it’s a 5%-10% rise. Not when it’s almost 50%. That’s just taking the principle too far.