He said a similar fund was in place in Japan and South Korea too.
“The existing unemployment benefits are not enough for people who face long periods without work,” he pointed out.
Many workers were lost their jobs after severe flooding submerged several industrial estates.
However, according to Labour Minister Phadermchai Sasomsap, most employers had not laid off their workers due to the flooding, but he admitted that not working for that period had adversely affected their incomes.