Economists say minimum wage hike will cost workers in end
Salaries 'should be tied to inflation rate'
- Published: 30 Nov 2012 at 00.00
- Newspaper section: News
Academics say next year's nationwide minimum daily wage hike and subsequent two-year freeze are unrealistic because the rate will fail to keep up with the long-term rising cost of living.
Pokpong Chanwit, of Thammasat University's economics faculty, said the suitable minimum daily wage rate should reflect the real purchasing power of workers.
The Central Wage Committee has resolved to implement the 300-baht minimum daily wage across the country from Jan 1 next year and maintain the rate for two years.
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