New minimum wages come into effect
PHUKET NOW HAS THE SOLELY highest minimum wage in the country, with the new minimum wage rates coming into effect on Jan 1.
The new minimum wages throughout the country came into effect following approval by the Cabinet, reported state news agency NNT.
The decision follows extensive deliberations and calculations carried out by the Wage Board and Committee to ensure a fair and sustainable adjustment, the report said.
The new minimum wage rates, categorised into 17 groups, reflect variations in living costs and economic conditions across different provinces.
Group 1 features Phuket alone, with a new minimum daily wage rate of B370 (previously B354)
Group 2 includes Bangkok, Nakhon Pathom, Nonthaburi, Pathum Thani, Samut Prakan and Samut Sakhon, with a new minimum wage rate of B363 (previously B353)
Group 3 features Chonburi and Rayong, with a new minimum wage rate of B361 (previously B354)
All the way down in Group 17 are Narathiwat, Pattani and Yala provinces with a new minimum daily wage rate of B330 (previously B328)
The adjustment is seen as a carefully calculated measure to improve the living conditions of workers without causing adverse effects on the economy. The government believes that the increased minimum wage will allow employees to earn a fair income while not exacerbating inflation or impacting product prices, said the NNT report.
In a press statement, Prime Minister and Minister of Finance Settha Thavisin acknowledged the importance of regular wage reviews. He announced plans for a meeting on Jan 17 to establish a subcommittee tasked with refining the minimum wage calculation formula further.
The objective is to present a comprehensive plan to the Cabinet by March, ensuring that the wage rates are tailored to the specific needs of each district and occupation.
PM Thavisin emphasised that the government’s focus is on enhancing the quality of life for workers nationwide. The upcoming adjustments, he stated, will contribute to a more equitable and prosperous society, marking a significant step toward fostering economic stability in the country. The Phuket News