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Safety net needed to protect vulnerable Thai workers

Safety net needed to protect vulnerable Thai workers

14 Sept 18:07 Key points summarised by AI
  • Millions of Thai workers, especially informal laborers, face severe financial hardship due to low wages (฿350-500/day), often resorting to loan sharks, a problem intensified by the COVID-19 pandemic.
  • Experts advocate for a universal pension system and increased minimum wages to provide a vital safety net, as the existing social security system covers only 15-20% of the workforce.
  • Parliamentary efforts to enact labor protection laws, including universal pensions, face significant political challenges in gaining approval and implementation, particularly from the Prime Minister's office.
  • While long-term solutions are pursued, the immediate priority during the COVID-19 crisis is to preserve jobs and keep people employed, with wage negotiations currently taking a secondary role.
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