Thailand Approves First Wage Hike Since 2020 as Inflation Spikes

Thailand’s minimum wage, frozen since January 2020, is set to rise by an average 5% from Oct. 1 to help workers cope with inflation that hovers near a 14-year high.

The new rates, ranging from 328 baht ($9.11) to 354 baht per day, will be divided into 9 groups of provinces, depending on their economic condition, according to Boonchob Suttamanaswong, the Ministry of Labor’s permanent-secretary. A committee of representatives from the government, employers and labor unions unanimously agreed on the hike after a long discussion on Friday.

The plan, which must get a final nod from the Cabinet next week, ...