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

[astro]

  On 3/22/2022 at 3:24 PM, 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. 

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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]

  On 3/22/2022 at 5:54 PM, 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.

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