Thailand has recently raised their minimum wage. Their main purpose in doing this was because of the rising cost of living for the people. However, this rise has had a negative effect on firms. Firms need workers to increase their skill level in order to offset the higher cost of running a business. The Government also agrees with businesses in hopes that the higher skill levels will attract more advance industries to Thailand. I thought this was interesting because the article also mentions that despite everything unemployment is not a problem for Thailand. I think it is fascinating that they are able to keep unemployment so low even with the rising minimum wage.
Stacy Collyer
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