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Thailand’s daily wage hike will not necessarily put more food on the table

Thailand’s daily wage hike will not necessarily put more food on the table

13 Sept 07:20 Key points summarised by AI
  • Thailand's 5% minimum daily wage hike, effective October 1, is insufficient as it trails the 7% inflation rate, leaving low-income workers struggling to meet rising living costs.
  • The consistent lag of wage increases behind inflation over the past decade exacerbates significant societal inequalities, with the poorest spending nearly half their income on food and household debt projected to reach a 16-year high.
  • Experts suggest that a higher minimum wage alone is not a sustainable solution; instead, comprehensive reforms are needed, including skill development, economic structural improvements, curbing monopolies, promoting transparency, and empowering labor unions.
  • Vulnerable groups like migrant workers, despite legal entitlement, often fear demanding the wage increase from employers, forcing them to rely on extreme frugality to manage expenses.
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