Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Bangkok Post
Bangkok Post
Business

Govt plans to raise minimum wage by 5-8%

Workers hold signs calling for a daily minimum wage of 492 baht across the country as they celebrate Labour Day at Democracy Monument on May 1, 2022. (Photo: Apichit Jinakul)

The government plans to raise the mininum wage for the first time in more than two years, by 5% to 8% to help workers cope with the impact of the pandemic, according to the national wage committee and the labour minister.

The national wage committee expects to recommend the hike in the daily minimum wage when it meets later this month, committee member Phijit Deesui told Reuters on Monday.

The daily minimum wage would be increased to between 329 baht and 353 baht pending cabinet approval.

The government wants the wage increase to start later this year, rather than early next year, Labour Minister Suchart Chomklin told Reuters.

"I want this to happen as soon as possible because people have a lot of trouble with living costs and we haven't adjusted the wage for a long time," he said.

The minimum wage was last hiked in January 2020, by 1.6%-1.8%.

The new figures would make Thailand's monthly minimum wage - at 9,870 to 10,590 baht - among the highest in Southeast Asia.

In Vietnam, a regional manufacturing base, the government's minimum wage range is between 3.25 million dong (4,979 baht) and 4.68 million dong per month.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.