Wages should be raised to 400 baht. The Thai economy collapsed first.

list “Remove message pin” Published by SONDHI APP Application.TV station NEWS1 YouTube channelMessage 1 and a Facebook fan pageMessage 1 Makes a special report on Tuesday 7 May 2024 Wages should be raised to 400 baht. The Thai economy collapsed first.

It is not known whether this was announced or screened on National Labor Day, and whether the minimum wage increase to 400 baht was announced on October 1 at the same time.

Any angle on raising the minimum wage should be heard from both business and labor sides. Finding the balance is even harder.

The 400-baht wage hike, which comes out to support the government's policy of entrepreneurs' corner but secretly raises the price of goods and services by almost 15%, is a figure from a survey by the Center for Economic and Business Forecasts. Thailand Chamber of Commerce Univ

There is also the notion that employers may lay off workers if wages rise too quickly to keep up with costs. Labor costs affect purchasing power in the economy and can push up product prices, creating inflationary pressures.

And higher costs can reduce competitiveness. has a negative effect in the long run so if the wage is to be increased then it should be 370 baht per day which is the most appropriate figure.

It must be admitted that from the point of view of the workers there has been no wage increase in the form of improvement for a long time. Cost of living and the burden of debt continue to rise. Therefore, it is not surprising that the government should find a way to raise wages. Because at this time Thailand's economy is supposed to increase the purchasing power of the people. This will benefit the economy as a whole to increase consumption. Every expenditure incurred represents taxes that continue to be income to the government.

However, the wage increase comes amid an economic slowdown. In particular, numbers for indicators of economic growth, such as declining exports, have been deteriorating sharply. and widening the trade deficit etc. will not yield much benefit in this period. Because it increases the cost of production of goods and services assessed by the University of Thailand Chamber of Commerce. The final disadvantage comes to workers, who may be at risk of having their businesses shut down by employers who cannot bear the costs.

Such a cycle is certainly not beyond the expectations of the government. But currently there is no clear way to maintain economic balance. Employers can maintain employment as much as possible under conditions of such a progressive increase in the minimum wage. At this point, the government is confused and has started a battle with the Bank of Thailand to push the digital money project into the mainstream.

Raising or raising the minimum wage is certainly good for workers. But on the other hand, taking risks is also good. Therefore, it can be hoped that the government will have measures to maintain economic balance. To encourage both employees and employers to hold hands and walk together till they survive.

This is not just saying. Only political points should be believed

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