Economics
Thailand's Minimum Wage Is Set for Second Increase in Two Years
- Labor Ministry to meet in next few months to decide on wages
- Ruling coalition member had promised up to 40% wage increase
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Thailand is set to increase minimum wages for a second straight year as it looks to attract workers amid an aging population and shortage of labor in key industries.
A subcommittee to decide on the extent of increase will meet in the next one to two months to assess the revision based on the state of the economy and industries’ competitiveness, Labor Ministry’s Permanent Secretary Suthi Sukosol said in an interview Friday. It won’t be long before a decision is made, the official said.