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Thailand: Bt400 minimum daily wage worries SMEs, business chamber says

  • Jul 26, 2019
Most companies oppose the government’s plan to raise the minimum daily wage nationwide to Bt400 as it will hurt small and medium-sized enterprises (SMEs), according to the Thai Chamber of Commerce.

Chamber chairman Kalin Sarasin said that from the chamber’s discussions with many business operators, it was found that most of them worry over the impact of a further wage rise.

He said that only the major companies could make the adjustments to accommodate higher wages due to their massive capital holdings. Most of the companies canvassed by the chamber would rather see the government focus on upgrading labour skills.

Kalin said the government should promote more border trade, which is a key way to boost exports.

After the government’s policy announcement, the chamber will talk with Deputy Prime Minister Somkid Jatusripitak to propose its opinions on economic issues.

Source: https://www.nationthailand.com/business/30373670