Thailand's 400-Baht Daily Wage Plan To Proceed, Despite Delays
Thailand's new 400-baht daily minimum wage is set to begin on October 1, despite delays from a divided national wage committee. Labour Minister Phiphat Ratchakitprakarn confirmed the plan, addressing challenges from employer opposition. The new rate will affect companies with at least 200 workers, and the government continues to pursue a 600-baht minimum wage by 2027.
Labour Minister Phiphat Ratchakitprakarn has confirmed that Thailand's new 400-baht daily minimum wage will take effect on October 1, 2024, despite delays in endorsement by the national wage committee.
The committee, consisting of 15 members from employer, employee groups, and the government, has yet to reach a consensus, partly due to opposition from employers.
The current minimum wage ranges between 330 and 370 baht based on the province.
The new rate will apply to companies with at least 200 workers, increasing employer costs by approximately 73 baht per employee daily.
Efforts are ongoing to assist employers in managing these costs, including calls for the Bank of Thailand to reduce interest rates.
The government also remains committed to raising the minimum wage to 600 baht by 2027, although future increments will consider the country's economic stability.
The committee, consisting of 15 members from employer, employee groups, and the government, has yet to reach a consensus, partly due to opposition from employers.
The current minimum wage ranges between 330 and 370 baht based on the province.
The new rate will apply to companies with at least 200 workers, increasing employer costs by approximately 73 baht per employee daily.
Efforts are ongoing to assist employers in managing these costs, including calls for the Bank of Thailand to reduce interest rates.
The government also remains committed to raising the minimum wage to 600 baht by 2027, although future increments will consider the country's economic stability.
