Thailand is considering raising its national minimum wage to 400 Thai Baht, which is approximately equivalent to 11.7 US Dollars.
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Thailand is considering raising its national minimum wage to 400 Thai Baht, which is approximately equivalent to 11.7 US Dollars.
Key takeaways
Minimum Wage Increase Thailand will increase its nationwide minimum wage to THB400 (US$11.7) per day starting October 1, 2024
Significant Raise This increase represents a notable hike of about 14% compared to previous rates, which were between 330 and 370 THB per day
Companies with fewer than 200 employees will not be subject to the wage increase for their employees.
The Minister of Labour of Thailand, Phiphat Ratchakitprakarn, explained that the increase will come into effect from October 1.
Phiphat added that after discussions with business operators and a study conducted by the subcommittee established by the Ministry of Labour, the agency confirmed that the national minimum wage increase will take effect on October 1 as planned.
The study…