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Bangkok Post

Business

Industries warn of impact of big wage hikes

FTI Move Forward Pheu Thai

Labourers unload fresh produce at a wet market in Bangkok, where the current minimum wage is 353 baht a day. (Photo: Bloomberg)

Hefty wage increases promised by the winners of the general election would hurt businesses, jobs and competitiveness, the Federation of Thai Industries (FTI)  warned on Tuesday.

The Move Forward and Pheu Thai parties, which agreed on Monday to form a ruling coalition after they trounced military-backed rivals, have both promised substantial increases in the minimum wage.

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