BANGKOK, 13 February 2019 (NNT) - The final decision on Minimum Wage increases will be made in March, with new rates to vary in accordance with economic conditions in each province.
The Ministry of Labor’s Permanent-Secretary Jarin Chakkaphark revealed the Wage Committee has discussed the increase in the Minimum Wage proposed by varied provinces, which will vary in accordance with the economic conditions and costs of living in each province.
A subcommittee is expected to make a decision within this month and to forward the increased rates to the Wage Committee in March, as the new Minimum Wage is to be announced and become effective from 1 April 2019.
The Labor Ministry official dismissed rumors that this year’s Minimum Wage will be increased to 360 baht, saying that the rates will differ between provinces, and many factors including inflation and the GDP have to be taken into consideration to make appropriate adjustments.
He added the incomes gap is an important issue to be considered, and that the Ministry of Commerce will prevent the prices of consumer products from rising in the wake of the increased Minimum Wage.