TDRI analysis highlights impact of new minimum wage | Bangkok Post: business

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TDRI analysis highlights impact of new minimum wage

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Government measures to improve labour skills to match market demand are needed to reduce the widespread impact of the daily minimum wage hike in both the short and the long term, says the Thailand Development Research Institute (TDRI). 

Yongyuth Chalamwong, a senior researcher, said the 300-baht daily minimum wage that took effect nationwide on Jan 1 represents the biggest increase since the onset of the concept - about 40%.

"The timing of the increase in the wage is probably appropriate, as the labour market for low-income workers is tight," he said.

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