BANGKOK, 4 September 2011 -National Economic and Social Advisory Council, NESAC will conduct a brainstorming session on the government’s 300 THB minimum wage policy and 15,000 THB salary for new graduates to find appropriate solutions that would minimize impact on businesses once they are implemented.
Participants will consist of those who are from the labor and the industry departments of the NESAC. They will study the impact and how these policies can be implemented. The NESAC said the wage and salary rise should be executed slowly within 3-4 years to allow businesses to adapt to the higher cost of production.
The Council said if the government insisted to implement these policies right away, it should also have a plan to help the industrial sector cushion the financial burden that would eventually ensue as a result of wage rise.
