Tight labour market to push up Thai wages 5.8% this year
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Salaries in Thailand are expected to rise by 5.8 per cent this year, outstripping the estimated inflation rate of 3.2 per cent, because of the tight labour market, with unemployment at 1 per cent, the lowest in the region, according to Towers Watson, a gl
The Nation
“Although this figure has gone up slightly from 0.8 per cent last year, it is clear that our country is facing strong pressure in the job market,” Pichpajee Saichuae, managing director of Towers Watson (Thailand), said yesterday.
“On one hand, low unemployment is a positive sign of economic activity, reflecting high demand for goods and services. On the other hand, it also shows a lack of human resources that can have negative effects in the long term,” she said.
