Bt300 minimum wage 'helped erode national competitiveness'
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Thailand's competitiveness has dropped over the past 13 years if unit labour cost is used as the indicator, according to the Thailand Future Foundation (TFF).
The TFF has blamed the problem mainly on the Bt300 daily minimum wage, which is a big jump from the previous wage level, and the relatively low ability to increase labour efficiency.
Indonesia has also significantly raised its wage, but it has managed to boost its labour efficiency by more than 40 per cent over the past decade.
A TFF study reveals that Thai labour efficiency has risen by just two per cent a year. Over the same period, labour efficiency has increased by four per cent in Vietnam and by an impressive 10 per cent in China.
The Nation
