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Home » News from Thailand » Most workers cannot save from the minimum wage
Most workers cannot save from the minimum wage
Thai workers can barely survive on the minimum wage, so it should be raised, according to a poll by Bangkok University of 1.449 respondents across the country. Almost 53 percent say they want a higher minimum daily wage. More than 32 percent think that the current wage is sufficient given the current economic conditions.
It is remarkable that almost 35 percent of the workers did not know that the minimum daily wage has been increased from 1 to 300-305 baht on January 310 . About 65 percent of the respondents were aware of this.
A majority of 78,9 percent said they received the new minimum wage, but 21,9 percent did not. Most respondents (58,7 percent) were unaware that the minimum daily wage for skilled workers is between 300 and 700 baht.
About 47,4 percent believe that the wages are sufficient for the daily necessities of life, but there is nothing left to save. 33,8 percent think it's not enough and 18,8 percent said they could save something.
Source: Bangkok Post
Shop girl with us also receives minimum wage, but also free room and board.
A room here easily costs 1.500 Thb and food is at least 120 Thb per day.
When we go out to eat, she just goes with us.
Every 2 months she goes home for 8-10 days and that trip is also paid for.
In addition, there is sometimes extra work (overtime) which is also paid extra.
Don't know if that's the case everywhere, but she can save almost all of her wages.
Mr.Bert, you are very good to your employee.
Because she has free board and free lodging, she can save a lot. Of course that is not the case everywhere.
In addition, every 2 months they go home at your expense for 8-10 days. My compliments.
In which country can you save with a minimum wage?…
Here in the Netherlands the figures would be the same.
There is of course a clear difference between a minimum wage in Thailand and that in the Netherlands. A Thai could still live very well with a minimum wage in the Netherlands, and also save. While a Dutch person in Thailand cannot even live with Thai wages, and saving means an even greater utopia.
True, there is also a clear difference between the costs of living in Thailand as a Thai, and the costs you have to incur in the Netherlands as a Dutch person not to have to go through life as a bum…
DearT, if someone allows smoking, excessive drinking, and excessive eating, he will certainly not live in luxury with a Dutch minimum wage, but at least healthier, and will not become a bum by a long shot. Many Thais have to work about 300 hours per day for barely 10Bath, while many farangs still receive support even if they do nothing in the Netherlands.
My wife is Thai herself, and has to be amazed every time again about these good facilities, and the nagging of many who are not satisfied. It is a fact that even in the Netherlands with a minimum wage it is not wealth, but there is still a huge difference with Thailand. Just take a good look around.
The minimum wage is not the same in the provinces !!! And let them raise the minimum wages again by 50% like last time...... will put even more strain on the economy, and encourage the "flight" to Laos, Cambodia and or Vietnam even more. And as it was written before… In Belgium or elsewhere, one cannot save from a minimum wage either….
It is a pity that it has not been investigated how many do not even receive the minimum wage. I know several people in and around Chiang Mai who earn somewhere between 200 and 250 Baht a day. Sadly but true.
If you don't have a job – and that happens often – you simply don't earn anything in Thailand. Many have to hope to earn something every day, there is no certainty and then there is little choice but to live from day to day. Sometimes you get cheated too, as a neighbor / farmer's wife recently experienced. She had taken on work from a Thai – moving a large number of banana trees for 300 baht – and she decided to start extra early and get going. When she finished the agreed job around 3 am, the Thai client refused to pay 300 baht because she had finished work so early………… so she eventually went home with only 200 baht. Scandalous!
What we see in more than 13 years of activity is that the spending pattern changes with every wage increase. It is made easy for the Thais to buy a lot with a small deposit and then try to cough up the monthly costs. So we see that wage increases go hand in hand with giving more deposits and then borrowing more. For most Thais who work on the minimum wage or 10-20% above, saving….is not an issue. Unless it has to go to family, then it will still work, but otherwise the word ... saving .... is not a general concept. So…if you would give 10% more wages, more would be bought…on installment…smart phone…washing machine…refrigerator…mattress…or even a 2nd hand car (2 earners).
At sometime. This should actually lead to stricter requirements for borrowing money for luxury goods (cars, etc.) from bona fide money institutions. At the same time, the loansharks must be combated, for example by converting loans from them into normal loans and insisting on payment before concluding new loans.
A cousin of my wife works with her husband in the same chicken factory: together 18,000 Baht salary per month. Recently bought a new pickup with an installment of 12.000 baht per month. I didn't know what I heard about the bank allowing this.
There is a bank where you are offered 50.000 baht as a loan, without further guarantee for repayment. And I also know people with an income of 10.000 baht. They take a car + loan on it from 6000 to 7000 baht. The rent is 3000 – 4000 baht….Yet the bank gives them a loan to finance the car. In addition, they use a credit card, a telephone over 10.000 on credit (1000 per month) and regular cosmetic improvements, also pricey. And then there must also be lived, so food and clothing. Yes, then the financial picture is no longer correct and they diligently look for a source of money / man.
In no country can you save from a minimum wage. When we were little, my mother also cleaned 10 hours a week for the extras. of the 3000 bfrs. what my father earned then you couldn't keep anything
I have a restaurant on Koh Lanta with 16 staff and everyone deserves more than it
minimum wage and free living and food + insurance and a perk on the low season when we are closed
Result I have had the same staff for 4 years I am happy with them they are happy with me You have to treat people
the way you want to be treated