a proposal to raise the minimum daily wage above 300 baht, saying an increase would have adverse effects on small and medium-sized enterprises (SMEs).
Up to 100,000 companies could be put out of business by rising labour costs, it is claimed. Vallop Vitanakorn, vice-chairman of the Federation of Thai Industries (FTI), osts at a time when the economy had not fully recovered.
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It would force SMEs to move their production bases to neighbouring countries where wage costs are lower, he said.
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