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Bloomberg
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 labour 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.
The increase was promised during political campaigns leading up to March’s disputed elections. The military backed Palang Pracharath Party and Democrat Party had promised as much as
40 percent and 25 percent minimum wage increase, respectively. Thailand last year boosted the national minimum wage for the first time since 2013 raising daily range from about 2 percent to 7 percent to 208 baht to 330 baht, respectively.