Thailand Postpones October 1 Minimum Wage Hike, Official Announces – U.S. News & World Report

Thailand’s planned minimum wage hike set for October 1 has been postponed, according to an official announcement. The decision comes amidst economic challenges due to the ongoing COVID-19 pandemic.

The planned wage increase, which would have raised the minimum wage by five baht per day, has been put on hold to help businesses cope with the financial strain caused by the pandemic. The announcement was made by Labor Minister Suchart Chomklin, who stated that the decision was made in consideration of the current economic situation.

The postponement of the wage hike has sparked mixed reactions from workers and businesses in Thailand. While some workers are disappointed that they will not see an increase in their wages as planned, many businesses welcome the decision as a relief during these difficult times.

Thailand has been hit hard by the economic impact of the pandemic, with many businesses struggling to stay afloat. The government’s decision to postpone the minimum wage hike is seen as a measure to help support businesses and preserve jobs in the country.

Despite the postponement, officials have assured that the minimum wage hike will be revisited in the future once the economic situation stabilizes. In the meantime, the government is working on other measures to support workers and businesses during these challenging times.

Overall, the decision to postpone the minimum wage hike in Thailand reflects the government’s efforts to balance the needs of workers and businesses in the midst of economic uncertainty. As the country continues to navigate the challenges posed by the pandemic, it remains to be seen how this decision will impact the labor market and economy in the long run.