NESDB says wage hike won't drive up inflation | Bangkok Post: business

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NESDB says wage hike won't drive up inflation

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Full-scale implementation of the 300-baht daily minimum wage will not fan inflation or worsen unemployment, the National Economic and Social Development Board (NESDB) insisted on Saturday. 

RISING FORTUNES: Two high-rise window cleaners get to work at a department store in the Siam Square area. They are among the millions of workers nationwide who are benefiting from the 300-baht daily minimum wage, which the government has defended by pointing out how no businesses have closed as a result of its introduction.

Noting concerns over the possibility of higher inflation after the wage hike was implemented nationally last Tuesday, Arkhom Tempitayapaisit, secretary-general of the board, said the rise in labour costs was only one among several factors, including oil prices, contributing to higher inflation.

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