High-wage cheer

Re: "Analysts anticipate more rate hikes", (Business, June 3).

Increasing interest rates is a blunt tool for tackling inflation. Basically it works like this. If a country is fighting high inflation, then the central bank of that country raises interest rates. This causes the currency to strengthen as foreigners buy government debt to take advantage of the higher rates. This means that imports cost less and home-grown products have to compete and can't easily raise prices.

The problem is that at the moment most countries are doing the same thing so this exchange rate adjustment is not working. Country after country is tackling stubbornly high inflation and continues to raise interest rates with little effect.

These rate increases do have some effect on inflation but for a bad reason. People can't service their debt and have to cut down on purchases which then leads to a recession or even stagflation. In my home country of the UK, there have been strikes by workers who cannot afford to live any more. Nurses, doctors, railway workers and immigration staff are among them.

In Thailand there seems to be no organised trade unions and strikes are unheard of. So tough luck for workers who are paid the minimum wage which is not life-sustaining in my opinion. Yet there is still resistance to offering workers a minimum of 450 baht a day. I challenge any of your readers to say how they would live on the current minimum wage. Companies say they will relocate if wages are increased.

The answer is to have companies that value their employees and are willing to train them so that Thailand can move up the value chain where it has been stuck for decades.

I support the MFP's proposed increase in the minimum wage. To companies that threaten to leave, I say goodbye. We don't need Thailand to be known for cheap goods and cheap labour.

Howard Stark

Time for a debate

Re: "Seripisuth offers S112 assurances" and "MoU won't cause problems, says MFP" (BP, June, 5).

Why beat around the bush all the time by boring your readers with repetitive articles about known opposing viewpoints regarding the lese majeste law (Section 112)?

It would be much more challenging and rewarding to set up an exclusive interview or debate in regard to whether enforcing the lese-majeste law is not an act of lese-majeste in itself.

And that by enforcing the law one is in effect disagreeing with His Majesty King Bhumibol Adulyadej The Great's statement in 2005 that "the use of the lese-majeste law ultimately damages the monarchy" and thus one should be allowed to disagree with the King.

To get it straight from the horse's mouth, wouldn't it be more interesting and exciting for this newspaper to invite PM Gen Prayut Chan-o-cha, DPM Wissanu Krea-ngam, activist Srisuwan Janya and senators to let their lights shine on this subject? That would take the discussion certainly to a higher level.

S de Jong

Through the floor

Re: "Timeline unnerves some sectors", (Business, June 5).

Normally, the feeling of Thais in general after the May 14 election should be happy, jubilant and even gung ho -- except when you take a look at what's happening to the Thai stock market!

Vint Chavala
07 Jun 2023 07 Jun 2023
09 Jun 2023 09 Jun 2023


All letter writers must provide a full name and address. All published correspondence is subject to editing and sharing at our discretion