Thai private sector expresses concern over minimum wage hike

The Thai private sector has expressed concern over the Pheu Thai Party's plan to increase the daily minimum wage to 600 baht by the year 2027, claiming that this substantial rise will drive up the cost of production by about 70%.

On behalf of the Joint Standing Committee on Commerce, Industry and Banking, Sanan Angubolkul, president of the Thai Chamber of Commerce and the Board of Trade, said today that the minimum wage is usually decided by wage committees at the provincial and national levels, taking into account numerous factors, including the inflation rate, cost of living and price indices.

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