Lots of work to go around | Bangkok Post: business

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Lots of work to go around

Impact of higher minimum wage seen as minimal and talk of companies moving to take advantage of cheap labour is overdone, says Manpower chief.

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While some critics say the new 300-baht daily minimum wage will backfire as companies relocate or fire workers to save costs, ManpowerGroup, one of the world's leading recruitment agencies, says the effects are not likely to be that dramatic. 

Unemployment is absolutely not going to be a problem for the foreseeable future, says Simon Matthews, ManpowerGroup's country manager for Thailand and the Middle East.

"Our clients [in Thailand] are still increasing production, continuing to invest, opening new facilities, and so on," he said. " At the moment, I don't see a major challenge on unemployment. Perhaps some of the smaller factories might have some challenges, but companies that employ 5,000 to 6,000 are still continuing to invest and increase production."

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