Minimum wage policy Thailand

By: Southeast Asia Globe - Posted on: May 6, 2012 | Business

86.7%:

A survey by Abac poll, a business research centre within the Assumption University of Bangkok, shows 86.7% of Thai small and medium enterprises have been affected by the new 300 baht ($9.75) daily minimum wage policy. The measure is expected to have a minor impact on larger companies. According to human resources firm Manpower Thailand, a bigger change in the cost structure would be required to cause firms to relocate to Myanmar or Cambodia where skills and infrastructure are still lacking.