Basic wage hike likely to spur inflation
Producers will have to raise prices of goods
- Published: 19/07/2011 at 08:24 AM
- Newspaper section: Business
The private sector is warning that Pheu Thai's promise to increase the minimum wage to 300 baht per day will inevitably lead to inflation as businesses are forced to increase product prices.
Members of the Thai Labour Solidarity Committee submit a letter to the Pheu Thai Party to encourage the new government to make good on its campaign promise of a nationwide 300-baht minimum daily wage despite strong opposition from the industrial sector. Lifting both the minimum wage and monthly salaries of new graduates is crucial to reflecting the real cost of living in the country, they say.
APICHART JINAKULT
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About the author
- Writer: Nanchanok Wongsamuth
- Position: News Reporter
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