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A Study on Impacts of Implementing Minimum 300 Baht Income per Day on Structure of Thai Economy

A Study on Impacts of Implementing Minimum 300 Baht Income per Day on Structure of Thai Economy

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The study found that the minimum wage has raised incongruently as far as the cost
of living together with labor productivity is concerned for a past decade. As a consequent, this
causes an economic status of all the labor forces to go down, risking them to the poverty and
debts. Take improper condition in the past 10 years; it is unable to keep up with the rising cost
of living. Furthermore, it is inconsistent with the increasing of labor productivity.
The study found that the minimum wage has raised incongruently as far as the cost
of living together with labor productivity is concerned for a past decade. As a consequent, this
causes an economic status of all the labor forces to go down, risking them to the poverty and
debts. Take improper condition in the past 10 years; it is unable to keep up with the rising cost
of living. Furthermore, it is inconsistent with the increasing of labor productivity.

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08/06/2013

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