Minimum wage increase pledge sparks hotel industry crisis
Photo courtesy of The Nation
Prime Minister Srettha Thavisin’s promise to increase the minimum wage to 400 baht by October 1 has set off alarms in the private sectorparticularly among hoteliers.
Concerns abound as businesses foresee a hefty 15 to 20% surge in costs across goods and services, presenting a formidable hurdle for the hospitality sector.
The impending wage revision marks the third adjustment this year alone. The initial increase, rolled out on January 1, nudged the minimum wage to an average range of 330 to 370 baht per day, contingent on provincial variations.
Subsequently, a second increment, implemented on…