The Pheu Thai Party's election promise to raise the minimum wage to 400 baht a day across the country appears to be moving further and further away from reality. The national wages committee, responsible for setting this new threshold, once again postponed its decision, leaving doubt over the implementation of this flagship government measure.
Union representatives, who had placed high hopes in this increase, saw their expectations fade. Thai workers, particularly those in lower-paid sectors, hoped the increase would improve their purchasing power and living conditions.
On the business side, resistance is fierce. Bosses fear that this sudden increase will endanger the competitiveness of Thai companies, already weakened by the economic crisis. They plead for a more gradual and differentiated increase according to regions and sectors of activity.
The government thus finds itself caught between the demands of workers and the concerns of businesses. He is trying to strike a delicate balance, knowing that any decision will have significant repercussions on the Thai economy.
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