Basic wage hike likely to spur inflation
"We are not opposing increases in income, but it needs to be thought out carefully and depends on the market mechanism because if incomes rise, it will result in increased living costs," said Payungsak Chartsutthipol, chairman of the Federation of Thai Industries (FTI).
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"The government will need to look at the whole economic structure so that farmers have an increased income from rising farm prices, while also paying attention to investment and exports," said Mr Payungsak. "That way we will be strong and things will go according to the market mechanism." Bangkok Post – Read more…
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