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New minimum wages are too low and need review : PM

New minimum wages are too low and need review : PM

13 Sept 09:49 Key points summarised by AI
  • Prime Minister Srettha Thavisin expressed strong dissatisfaction with the Wage Committee's recent decision, deeming the Bt2-16 minimum wage increase as "too low" given rising living costs.
  • He highlighted the inadequacy of the small increases, noting that millions of low-income earners depend on the minimum wage and even a Bt2-3 rise is insufficient for basic needs.
  • The PM criticized businesses for suppressing wages and resisting operational development, despite his pleas for empathy towards employees and the government's efforts to alleviate economic hardships.
  • Srettha challenged the argument that higher wages would cause businesses to relocate, comparing Thai wages unfavorably to those in countries like Singapore and South Korea and dismissing such concerns as "mere rhetoric."
  • He affirmed his unhappiness with the minimal increases and signaled his intent to review the decision, urging businesses to reconsider their stance on employee compensation.
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