Economics
Thailand Boosts National Minimum Wage First Time Since 2013
- Labor Ministry announces 5 baht to 22 baht per day increase
- Kasikorn Securities expects a limited impact on inflation
A worker pushes a cart of sun-dried noodles at a noodle factory in the Ban Pong district of Ratchaburi province, Thailand.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Thailand said it will raise its minimum wage nationwide for the first time in five years, as the country’s military government tries to tackle lingering income inequality.
The wage will climb from April by 5 baht (16 cents) to 22 baht per day, depending on location, Jarin Chakkaphark, permanent secretary for labor, said in a briefing late Wednesday in Bangkok. The revised daily range of 308 baht to 330 baht is about 2 percent to 7 percent higher than current levels.