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  1. #151
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    Bangkok Post : Wage promises debated

    Wage promises debated

    Industries warn of serious inflation risk Campaign promises to raise minimum wages could be a double-edged sword, as higher labour costs would likely be passed on to consumers in the form of higher priced goods and services, say business leaders.

    Acting Prime Minister Abhisit Vejjajiva is dwarfed by a giant screen showing inflation projections during his presentation to local and foreign business executives yesterday. SOMCHAI POOMLARD

    Payungsak Chartsutipol, the chairman of the Federation of Thai Industries (FTI), said higher labour rates could ultimately result in a higher cost of living for the public as companies raised retail prices to maintain profit margins.

    Both the Democrat and Pheu Thai parties, the two leading contenders to form the next government, have promised wage increases in a bid to win votes ahead of the July 3 general election.

    The Democrats, led by Abhisit Vejjajiva, have vowed to raise minimum wages by 25% within two years, while Pheu Thai, led by Yingluck Shinawatra, wants to lift minimum wages to 300 baht per day.

    Minimum wages currently range from 221 baht per day for Phuket and 215 baht for Greater Bangkok to a low of 159 for Phayao.

    Mr Payungsak said the FTI wanted the next government to maintain the current system under which minimum wages are set through consultation by a tripartite committee representing labour, the private sector and the state.

    He said wages for the 10 million workers in the industrial sector accounted for 10% to 30% of production costs, depending on the industry.

    Hardest hit by any increase in minimum wages would be small and medium-sized companies that employ the bulk of the labour force in the industrial sector.

    "Any increase in wages should be tied to efficiency and productivity," Mr Payungsak said. "Right now, Thai labour has one of the lowest productivity rates in Asia. Productivity growth is just 3% per year, a level less than that of Vietnam and Indonesia."

    Mr Abhisit, speaking to Thai and foreign business leaders yesterday, justified the minimum wage policy as necessary to help the public cope with rising living expenses.

    He said wage increases would take into account living expenses for each area of the country. Bangkok minimum wages, for instance, would rise to 267 baht per day under the Democrat policy, while rates in provinces in the North would rise to around 205 baht within two years.

    In contrast, Pheu Thai would raise wages immediately to a flat 300 baht per day for the entire country, a shift that Mr Abhisit said was misplaced and not in line with real costs.

    "We understand that costs will increase for the private sector [from wage increases]. So we will also push for cuts in other business expenses, including import taxes on machinery and capital goods and new tax deductions for companies based on the added costs incurred from salary hikes," Mr Abhisit said.

    In any case, Thai companies need to shift away from the mentality that wages need to be held in check to support export industries.

    Such policies have only hindered development of the domestic market, due to limited growth in consumer purchasing power, Mr Abhisit said.

    Pichai Naripthaphant, a member of the Pheu Thai economic team, said his party's policies to raise minimum wages to 300 baht per day and starting salaries for new university graduates to 15,000 baht per month were aimed at future trends foreseeing a continued shift in Japanese manufacturing to the country.

    "Raising salary scales will help screen those companies that will make the shift, which will help us move away from labour-intensive industries," he said.
    Mr Pichai said the impact from higher minimum wages would be offset under Pheu Thai's policies to reduce the corporate tax rate to 23% by next year and 20% by 2013, from the current rate of 30%.


    Writer: Wichit Chantanusornsiri
    Position: Business Reporter
    .

    .....the world will little note nor long remember what we say here....."

  2. #152
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    Fair pay must take account of economic reality

    EDITORIAL


    Fair pay must take account of economic reality

    By The Nation
    Published on June 8, 2011

    Promises of a high minimum wage rise have to be made cautiously, and alongside other factors such as education and market conditions

    The decision-makers in charge of the minimum wage rate should not let political influence dictate their prospective decision on the minimum wage later this month.

    The National Wage Committee is scheduled to review the minimum wage on June 16, after its members acknowledged during last week's meeting that Thai workers are facing increasing pressure from consumer price rises of 3-5 per cent, which are in line with the current inflation rate of 3.94 per cent.

    The minimum wage was established to provide a degree of fairness for workers. In theory, it should enhance the bargaining power of hard-working labourers. The regular upward adjustment of the minimum wage should help ease the day to day burden on low-wage earners who have to contend with ever-increasing prices and balance their income against necessary expenditure which is pushed hard by overall inflationary pressure.

    However, politicians often tend to make unrealistic promises to workers about high wage rises. This is especially the case during general election seasons when grassroots voters express growing concern over price rises.

    Prime Minister Abhisit Vejjajiva has been criticised for failing to control prices in spite of the fact that the problem has now become a nationwide concern.

    The Abhisit government has desperately tried to contend with higher inflation by, for instance, subsidising diesel prices, but the consequences of such a fuel subsidy can distort real costs. In addition, the unrealistic suppression of fuel prices can also lead to inefficient energy consumption.

    A survey from January to May this year showed that the average minimum daily wage nationwide was Bt175.82. Permanent Secretary for Labour Somkiat Chayasriwong said recently that, considering the overall price rises, a minimum wage adjustment seems to be inevitable.

    The question is, what will be the best level at which to set the minimum wage?

    Low wage earners naturally want to see their income rise substantially, but a sharp and unrealistic increase does not always fix the problem of the rising cost of living.

    Manufacturers tend to react fast to a possible wage rise by raising the prices of goods. A prospective wage rise can also have a psychological impact on the market, and can lead to further price rises even ahead of the actual wage rise.

    However, politicians still use the promise of a wage rise to attract voters. Candidates from almost every political party have already promised a certain wage level on their campaign billboards, even though they may have no authority to do so and do not take into account that the wage rate should be considered against the overall economic environment.

    It is not possible to dictate the optimum wage level for the future, but politicians will always offer the highest number they can. Such irresponsible promises only put greater pressure on the Wage Committee.

    The ideal minimum wage level should be one that balances the interests of workers, employers and consumers. The political factor should not be overdone here because an imperfect rate can have negative consequences such as distorting the overall market, pushing up labour costs to a non-competitive level and affecting consumer spending.

    The minimum wage rise should go in line with an increase in capacity, otherwise outsourcing will follow, and that would affect the job stability of low-income workers in the longer term.

    Instead of irresponsibly promising the highest figures possible, politicians should offer better solutions for workers to improve their conditions. The questions to address are policy platforms to boost the capacity or productivity of workers, plus education and training.

    When workers gain skills and capacity, they worry less about a minimum wage because they can use their skills to better negotiate their income level. That is a more desirable way of improving workers' wellbeing.
    "Slavery is the daughter of darkness; an ignorant people is the blind instrument of its own destruction; ambition and intrigue take advantage of the credulity and inexperience of men who have no political, economic or civil knowledge. They mistake pure illusion for reality, license for freedom, treason for patriotism, vengeance for justice."-Simn Bolvar

  3. #153
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    http://thainews.prd.go.th/en/news.php?id=255406080004

    FTI preparing for minimum wage hike




    BANGKOK, 8 June 2011 (NNT) – The Federation of Thai Industries (FTI) is preparing measures to cushion the policy of many political parties to increase the minimum wage for fear of impact to business operation.

    FTI Vice Chairperson Tanit Sorat said a survey is being conducted and its result will be raised for discussion among FTI members in a hope to formulate measures to deal with wage increase in case it becomes concrete. The result will also be presented to Labour Minister Chalermchai Sri-on and political parties on 20 June 2011 when a seminar is arranged to reflect the private sector’s opinions for the consideration of a new government.

    Representatives from five political parties, including Democrat, Pheu Thai, Bhumjaithai, Chart Thai Pattana and Chart Pattana Puea Pandin will also be invited to join the seminar since each party has its own policy regarding this issue.

    Although the private sector is not against the minimum wage rise policy, Mr Tanit said it is worrying that different businesses are able to adjust themselves to the policy at a different pace; therefore, wages should be adjusted according to the living costs.

    The private sector is suggesting that minimum wage rise should not be higher than 20 baht a day or 10%. It is also stressing that the issue should be considered by the tripartite private sector committee, not by the interference of the political sector.

  4. #154
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    FTI propose Bt226 as minimum daily wage

    FTI propose Bt226 as minimum daily wage

    By The Nation
    Published on June 9, 2011

    The Labour Ministry yesterday welcomed the Federation of Thai Industries' higher proposal for a daily minimum wage of Bt226, describing it as a sign of employers' cooperation to get the much-awaited hike approved.

    The FTI proposal was Bt31.21 higher than the Bt226.67 proposed recently by the ministry, permanent secretary Somkiat Chayasriwong said. The precise figure would be submitted for consideration at a meeting of the Wage Tripartite Committee on June 16.

    Members of the committee held a preliminary meeting yesterday to discuss figures and reportedly encourage each other to reach a middle ground over the rates.

    Chalee Loisoong, a labour representative, said a daily wage of Bt226.67 was not enough, but it was better than nothing. He said, based on the 4-per-cent inflation, Bt441 per day would be just enough. However, he said, employers could make up for this by providing cheap incentives and better welfare to make up for the workers' lost income.

    Thawee Techatheerawat, another labour representative, said Bt226.67 was acceptable, because increasing it to Bt300 would prompt foreign companies to leave Thailand for countries where labour is cheaper. Instead, he said, businesses should offer incentives like free or low-cost transport and cheap meals. He also called on the government to strictly control the price of necessities such as cooking oil and rice.

  5. #155
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    http://thainews.prd.go.th/en/news.php?id=255406090005

    FTI: Entrepreneurs disapprove minimum wage rise




    BANGKOK, 9 June 2011 (NNT) – The Federation of Thai Industries (FTI) has cautioned political parties about impact of their campaign strategy to increase minimum wage when it is implemented.

    According to FTI Chairperson Payungsak Chartsutipol, the FTI will present the result of its survey conducted from 2 to 6 June 2011 among entrepreneurs on labour problems and minimum wage hike, to a meeting with political parties it will arrange on 20 June 2011.

    The survey showed only 2.2% of the respondents believed that their businesses would not be affected by the policy. 5.6-11.0% said impact would be minimal while 9.0-37.1% said theirs would be in the middle range. 42.7-68.5% of them said the impact would be vast while and 6.7-16.9% said it would be so severe that it could lead to closure of their business.

    The average minimum wage proposed by the respondents stands at 226.67 baht a day. The figures for the central region, the North, the East, the South and the Northeast are 231.8, 223.2, 203.33, 209.37 and 190 baht respectively.

    In addition, 39.1% of the respondents did not want any political parties to include minimum wage hike in their campaign strategies. 18.8% of them wanted the authorities to curb inflation and living costs while 9.4% asked the authorities to uplift labour quality.

    Mr Payungsak explained that minimum wage in the past was increased gradually and adjustment was done through the tripartite panel; however, lately the adjustment has been made at a jumping step forcing the capital cost and retail prices to rise which results in minimum wage adjustment again to match the rising cost of living.

  6. #156
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    Wage rise to be considered shortly

    Wage rise to be considered shortly

    By The Nation
    Published on June 14, 2011

    Members of the Central Wage Committee will consider a new rate for the minimum daily wage on July 6, three days after the election.

    An increase is likely even though the Federation of Thai Industries (FTI) has said a wage hike may cause some employers to go out of business.

    The FTI has claimed that between 6.7 and 16.9 per cent of businesses may have to close down if a major wage hike is approved, and the possibility is highest in the East.

    "The information is worrying," Labour Ministry deputy permanent secretary Sunan Phothong admitted yesterday. But he said wages would have to rise in the face of soaring living costs.

    He pointed out that after government schemes to provide free bus and train rides, plus free electricity and tap-water for low-income households, expire at the end of this month, living costs would soar even further.

    A Labour Ministry survey showed that the minimum daily wage averaged Bt176 across the country, lower than what it should be when living costs were taken into account.

    However, Sunan fell short of saying how much the minimum wage would rise by.

    He said provincial wage panels would propose the new rates to his sub-panel by June 20 next Monday.

    "We will analyse and summarise the proposals for the Central Wage Committee to consider," he said in his capacity as chairman of the academic sub-panel on wages.

    He said his sub-panel would take into account the inflation rate reported by the Bank of Thailand, the Consumer Price Index compiled the Commerce Ministry, and economic figures reported by the National Economic and Social Development Board.

  7. #157
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    Quote Originally Posted by StrontiumDog
    He pointed out that after government schemes to provide free bus and train rides, plus free electricity and tap-water for low-income households, expire at the end of this month, living costs would soar even further.
    I was not aware the free electricity for low users scheme was to end?

    that is at odds with this article from May 19 2011. If it is to end, quite an impact in rural areas especially for those dependent on seasonal/casual work for their income.

    Firms pay extra to finance Govt's free electricity policy
    By The Nation

    Starting July, medium and large-sized enterprises and government units will start paying extra 11 satang per unit for electricity cost, to help finance the government's free electricity policy, said Kawin Thangsupanich, secretary-general of the Energy Regulatory Commission.
    It is estimated that the policy to waive electricity fees for households consuming no more than 90 units a month will cost Bt12 billion a year.

    The fees will be shown in the new power bills, which will clearly state the generating and distribution costs.

    At the press conference today, the commission also revealed the result of the public opinion survey. The commission won 2.48-3.10, out of full 5-points score. The survey showed that individual power users have low expectation on the commission, but business operators expect it to play a bigger intermediary role.

  8. #158
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    Bangkok's minimum wage may be raised by Bt5-9

    Bangkok's minimum wage may be raised by Bt5-9

    The daily minimum wage in Bangkok will likely climb up by between Bt5 and Bt9.

    "We have agreed that the raise should be in this range but we have not yet concluded on the final figure," Ammorn Chaovarit said Friday. She is an advisor to a sub-panel on Bangkok's minimum daily wage, which now stands at Bt215.

    The wage hike is expected to take effect soon given that the inflation rate is now touching 3.3 per cent.

    The Nation

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    Thai Vote to Pay Off for Workers, No Matter Who Wins - WSJ.com

    Thai Parties Promise Big Wage Raises Ahead of Election

    By JAMES HOOKWAY

    BANGKOK—Thailand is bracing for a tumultuous election on July 3. But no matter who wins, the cost of doing business here is set to rise, as both the main political parties promise to raise wages dramatically when the vote is over.

    The increases mean Thailand is likely to become the latest country in Asia, including China, to see wages shoot higher after years of rapid economic growth. That growth has translated into more upward pressure on wages, as workers demand higher pay, forcing companies to pay more for everything from factory workers to farm hands.

    In Thailand's case, the military-backed Democrat Party is promising to raise minimum wages by 25% over the next two years if it stays in power. Supporters of ousted populist Thaksin Shinawatra, who are leading opinion polls, are pledging an increase of 40%.

    Analysts say it is likely that at least some of the proposed increases will be enacted. The plans reflect a deepening realization among Thai policy makers that the country needs to strengthen its domestic economy to better protect itself from lurches in global demand for its exports, although the extent to which a new government can drive up wages will depend in part on how secure it is in the aftermath of the July 3 vote.

    Local businesses are concerned about the impact, as is Thailand's central bank. Bank of Thailand Gov. Prasarn Trairatvorakul warned earlier this month that higher wages and other spending initiatives could drive up inflation—which hit 4.2% year-to-year in May—and threaten the country's recovery from the 2008 global slump.

    Big exporters say the increases could put them out of business, further increasing costs at a time when an appreciating Thai baht has already made their products less competitive overseas.

    The politicians competing on July 3 say Thailand has no choice but to raise pay.

    The country's mainstay export sector has been losing ground to cheaper, less-developed rivals such as Vietnam and Bangladesh, leaving Thailand vulnerable if it continues to rely on low-cost, export-oriented manufacturing to drive the economy. Raising wages, they say, will create a new engine of growth by boosting consumer spending, which currently accounts for only 54% of Thailand's economy, compared to about 70% in the Philippines and more than 60% in Indonesia.

    "Our currency is getting stronger so we're not attracting those kinds of investors who seek out the cheapest base for production," said Korn Chatikavanij, Thailand's British-born, Oxford-schooled finance minister, in an interview. That means consumption must increase, he said.

    Mr. Korn's competitors in the election match him. From his overseas base in Dubai, Mr. Thaksin, who was toppled from power in a 2006 coup, describes Thailand's push to develop a stronger consumer economy as "crucial."

    His proxy in the race to become prime minister, his youngest sister, Yingluck Shinawatra, agrees. "For the past five years, Thailand hasn't been able to generate enough wage growth, while household costs have risen sharply," she said in an interview on the campaign trail around Bangkok. "Now is the right time to expand consumption here in Thailand."

    Some analysts deride the proposals as little more than populist vote grabs. Thailand's political conflicts run deep, with military-backed royalists fighting bitterly in recent years to prevent a return to power of Mr. Thaksin and his allies, who enjoy widespread support in lower-income rural areas. Clashes between the two sides in Bangkok last year left more than 90 people dead.

    But the arguments over how to reorient Thailand's economy are important, economists say, especially as more international money flows into the region, boosting currency values and undermining some countries' low-cost advantages as manufacturing hubs.

    Currencies in Southeast Asia, once the world's low-cost factory floor, have risen in value by a third or more against the U.S. dollar over the past five years, at a time when China has put the brakes on the ascent of its yuan.

    A slew of Asian nations have adopted minimum wages over the past 10 years, even if just a few workers benefit from them, as in Cambodia, where only textiles and footwear workers are guaranteed a minimum income. Malaysia this week became the latest to attempt to put in place a minimum wage law after a new proposal was introduced to the Malaysian Parliament earlier this week.

    Still, a wage increase might not be the quick fix its proponents claim, economists warn. Higher inflation could undermine the benefits from higher wages by putting some goods further out of reach of lower- and middle-class shoppers, as has been happening in some countries like China.

    It could also force central banks in Thailand and elsewhere to raise interest rates more than they would have otherwise—curbing growth.

    "I think that all across Asia governments are trying to move in this direction. We do need to depend more on our own domestic demand," said Thanomsri Fongarunrong, an economist with Phatra Securities PCL in Bangkok. "But we can't just rely on a minimum wage. We also need to improve productivity and output."

    Thailand's Mr. Korn says he thinks there is room to boost pay. He says he decided to back the move to increase the minimum wage after organizing cash handouts to ameliorate the worst impact of the global financial slump. In early 2009, 50,000 people a month were losing their jobs in Thailand, and there were widespread fears that the country of 65 million could see over 2 million unemployed.

    One of Mr. Korn's responses was to hand out 2,000 baht, or $70, checks to anybody earning less than $500 a month. The total outlay was around half a billion dollars.

    The impact seemed almost instantaneous. Thai shoppers began spending in droves, providing a shot in the arm to local businesses which, in turn, began hiring to keep up with demand. Private consumption in 2009 hit 4.99 trillion baht, or $166 billion at current exchange rates, keeping pace with 2008's pre-slump figures. It expanded to 5.43 trillion baht, or $181 billion in 2010, buoyed in part, too, by rising agricultural prices in world markets.

    Now, the Thai economy is at full employment even as the baht continues to rise, encouraging the government to press ahead with its bid to raise wages.

    Under the Democrat plan, Bangkok minimum salaries will rise to 268 baht, or around $8.96 a day, from 215 baht, although many people working in the informal sector—a large portion of Thailand's working population—won't receive anything and risk seeing inflation climb further. Migrant laborers from Myanmar, Cambodia and Laos are unlikely to gain, either.

    The opposition Puea Thai, or Thai Pride Party, proposes pushing the minimum wage up to 300 baht, or $10, a day.

  10. #160
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    Quote Originally Posted by StrontiumDog View Post
    [B]
    Bangkok's minimum wage may be raised by Bt5-9

    The daily minimum wage in Bangkok will likely climb up by between Bt5 and Bt9.

    "We have agreed that the raise should be in this range but we have not yet concluded on the final figure," Ammorn Chaovarit said Friday. She is an advisor to a sub-panel on Bangkok's minimum daily wage, which now stands at Bt215.

    The wage hike is expected to take effect soon given that the inflation rate is now touching 3.3 per cent.

    The Nation
    It`s funny that the wage raise has got so much attention in the media when the final increase barely will cover the inflation.

    What about a tax increase for the filthy rich instead, so that the government can give incentives to farmers and that like. Construction workers should get an increase anyhow. Raised prices for new apartments or condos won`t effect them anyway as they usually live in shacks.

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    Concern over promise for Bt300 minimum daily wage

    Concern over promise for Bt300 minimum daily wage

    Concern over promise for Bt300 minimum daily wage

    By The Nation
    Published on July 5, 2011

    The new minimum daily wage has become a major concern for employers and officials at the Labour Ministry, who are awaiting word from the incoming government, which promised voters during the election campaign it would back a pay hike for workers.

    Somkiat Chayasriwong, permanent secretary at the Labour Ministry, said yesterday the Bt300 wage promised by Pheu Thai Party would be also be discussed at a meeting of the Wage Tripartite Committee scheduled tomorrow [July 6].

    "As a government agency, the policy on the new [daily wage] rate will need to be reported and approved by the ministry's political leadership," he said.

    A labour leader, Thawee Techatheerawat, said a flat rate of Bt300 and a starting salary of Bt15,000 a month for all university degree graduates - another promise by Pheu Thai Party - would be difficult. But labour groups would advocate the Bt300 rate to start from January 2012 at a meeting on Thursday.

    Another labour leader, Chalee Loysoong, said the new government would be under huge pressure if it could not guarantee the flat Bt300 rate.

    Withoon Kamolnaruemet, head of the Khon Kaen chamber of commerce, claimed a flat Bt300 rate would cause a 50-per-cent jump in operating costs for of most employers. Such election promises had already caused many companies to rethink whether they want to invest in Thailand.

    Small and medium enterprises would be most affected by the Bt300 rate, and half of them would be suddenly faced with losses, or eventual closure. "And that would result in 50 per cent of (SME-associated] unemployment across the country," he warned.

    Three foreign business owners based in Khon Kaen were seeking advice from his chamber about possibly relocating their businesses to countries where labour costs were cheaper, as a result of the possible hike, including the flat Bt300 rate promised by Pheu Thai.

    Withoon said a new rate of Bt190 in Khon Kaen, up from the current rate of Bt167, was still acceptable to employers, but Bt300 would need to be backed by other measures, which he said Pheu Thai had never discussed or revealed.

  12. #162
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    This will bring in 10's of thousands of illegal workers, take the construction industry for example, 80 percent of Thai construction workers are barely worth 200baht perday, Burmese and Cambodian will work for that, they also work harder and don't waste time having days off as they want money to send their families.

    Most Thais are not worth a salary of 300baht perday, many will be unemployed, what will they do for money, aint no dole or social here yet, go out robbing or drug dealing?

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    Quote Originally Posted by dirtydog
    Most Thais are not worth a salary of 300baht perday, many will be unemployed, what will they do for money, aint no dole or social here yet, go out robbing or drug dealing?
    More girls heading to Pattaya as they get shut out of their factory jobs? Thank PT & the Reds for doing their bit to relieve poverty.

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    Nana will be full again

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    I have a few blokes arguing with me about this on another thread.

    RIP Thailand's industrial and export sector if Yingluck keeps her election promises.

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    it's actually the right thing to do,

    manufacturers can afford it, they have been making record profit

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    you can't move factories overnight, Thailand is still a good base for those firms under all the BoI privileges

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    Quote Originally Posted by Butterfly
    manufacturers can afford it, they have been making record profit
    Don't think so mate and particularly with regard to the Automotive industry.

    Yes some sectors have picked up in Thailand because of the disasters in Japan but before then they were struggling.

    I remember a recent debate about increasing the minimum daily wage to 250 Baht and there was a lot of opposition across the board.

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    Quote Originally Posted by dirtydog
    aint no dole or social here yet
    Yes there is.

    Full social security details, in Thai, can be found here;

    สำนักงานประกันสั คม

    Criteria and Entitlement Benefits

    Having made contributions towards unemployment for not less than 6 months within a period of 15 months prior to unemployment

    Terms and conditions giving rise to the entitlement:
    1. Must apply for registration of the unemployed at the State Unemployment Office within 30 days without having to wait for the Unemployment Certificate from the Employer as to declare the entitlement tentatively.
    2. Is capable of performing the work and is ready to take on suitable job as offered.
    3. Must not reject the job training.
    4. Must report to the Employment Office for not less than 1 time per month.
    5. The unemployed must not be terminated from employment thanks to:
      • Dishonest on duty
      • Commission of criminal offense to the detriment of the employer
      • Serious infringement upon working rules, or regulation or lawful working order
      • Abandoning the duty for 7 days consecutively without good reasons
      • Recklessness which causes serious harms to the Employer
      • Having been sentenced to imprisonment by Court judgment.
    6. Must not be the person entitled to old age benefit.
    7. Shall be entitled to receiving the benefit starting from the 8th day from the date of unemployment with the last employer.
    8. Is not a voluntary insured under Section 39.
    The Entitlement Benefits you shall receive:

    In case of termination of employment:
    • Unemployment benefit for not more 180 days per year at the rate of 50 % of the wage calculated on the basis of maximum contributions of 15,000 Baht.
    In case of resignation:
    • Unemployment benefit for not more than 90 days per year at the rate of 30 percent of the wage calculated on the basis of maximum amount of contributions but not more than 15,000 Baht shall be payable. If in the duration of 1 year, there was more than 1 application for the unemployment benefit, the counting of the unemployment benefit receiving period in total shall not exceed 180 days; the compensation benefit for loss of income shall be paid on monthly installment basis by crediting to the Bank Account as notified by the Insured.
    Evidence to be used in Applying for Compensation Benefit
    • Application Form for Unemployment Benefit (SorPorSor. 2-01/7)
    • The Citizenship Identity Card
    • One photograph of 1€ in size
    • Employment Certificate or a copy of the resignation letter of the Insured (SorPorSor.609). In the event of unavailability of the Form SorPorSor. 6-09, application for registration of unemployment can also be made.
    • A letter or an order from the employer terminating the employment (if there is any).
    • A copy of the first page of the Bank Savings Account on which the Account Name and the Account Number belonging to the Insured are shown.
    PROCEDURE AND METHOD OF APPLYING FOR COMPENSATION BENEFIT
    1. Must apply for registration of unemployment at the Office of Employment, the Department of Employment.
    2. Complete the Registration of Unemployment Form together with the following evidence:
      • The Citizenship Identity Card
      • One 1€ photograph.
    3. Complete the Application Form for Unemployment Benefit together with the following evidence:
      • Letter of Termination of Employment or a copy of the Notice of Leaving Employment (SorPorSor.6-09) or a letter or an order from the employer terminating the employment (if there is any).
      • A copy of the first page of the Bank Savings Account on which the Account Name and the Account Number are shown.
    4. The officer of the Employment Office shall conduct an interview/ an inspection of the qualification and records of employment.
    5. The officer of the Employment Office makes available job vacancies in 3 locations for the unemployed insured to choose.
    6. If a suitable job can not be found, the officer of the Employment Office will coordinate the effort by sending the unemployed insured to receive vocational (skill) training as necessary. If the insured returns to work in the same place of business or refuse the work or job training provided and fails to show up as required, the Office of the Social Security shall suspend the payment of benefit immediately.
    7. The officer shall enter the status of the insured in the case of unemployment in the central database.
    8. The officer of the Office of Social Security shall retrieve information on the unemployed insured for a review according to the terms of entitlement.
    9. Having had complete qualification, the Office of the Social Security shall transfer the compensation benefit for loss of income according to the Insured€™s entitlement through the Insured€™s bank account once a month via 8 commercial banks, namely, Krungthai Bank Plc; Bank of Ayudhya Plc; Bangkok Bank Plc; Siam Commercial Bank Plc; Kasikorn Thai Bank Plc; Thai Military Bank Plc; Siam City Bank Plc ( commencing 1 October 2006) and The Islamic Bank of Thailand (commencing 1 January 2007).
    10. If the Applicant for compensation benefit is not satisfied with the order for the compensation benefit payment, an appeal can be filed within 30 days of receipt of the order.


  20. #170
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    Quote Originally Posted by Butterfly
    you can't move factories overnight
    I know of a few major Multi-National companies who set up their Multi-Million Dollar plant upgrades in Malaysia and Vietnam when that plant was originally ear-marked for Thailand.

    Let's wait and see what pans out as only time will tell.

  21. #171
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    Quote Originally Posted by Loy Toy
    Don't think so mate and particularly with regard to the Automotive industry.
    I think they are making a killing, at least the big corps

    maybe they will limit the wage increase to the big companies with more than 500 employees

  22. #172
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    How can any employer argue against paying 300 baht (6) for a days work??? Say people are working a 6 day week, still only 1800 baht a week or 7200 baht a month, hardly a liveable wage even for low class Thais with a family.

  23. #173
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    Quote Originally Posted by Loy Toy
    I know of a few major Multi-National companies who set up their Multi-Million Dollar plant upgrades in Malaysia and Vietnam when that plant was originally ear-marked for Thailand.
    they spread their risk in the region, SOP when you can afford it

    the wage increase will not be enough for them to move facilities, it's fucking peanuts for them

    they might shift more OT to other regions though,

  24. #174
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    Quote Originally Posted by buriramboy View Post
    How can any employer argue against paying 300 baht (6) for a days work??? Say people are working a 6 day week, still only 1800 baht a week or 7200 baht a month, hardly a liveable wage even for low class Thais with a family.
    from my discussion with a few SET listed companies CFO, they all have been expecting the wage increase and didn't make much fuss about it, they understand perfectly the situation

    it might impact OT for employees though, maybe less of that

  25. #175
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    Quote Originally Posted by Butterfly
    I think they are making a killing, at least the big corps
    I know of at least 4 other large local component manufacturing companies who supply parts to the bigger corps and their machines are mostly idle because the orders are not coming.

    Vietnam and Malaysia stand to win big if she passes these election promises and I can tell you they are watching Thailand very closely.

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