An analysis of the effects of the rise in the minimum wage shows that there will be both direct effects from increased labor costs and indirect effects from costs passed through via other businesses in the supply chain. Direct effects will inevitably hurt companies that rely heavily on unskilled labor and those that have labor costs as their main cost, such as these in the agricultural services, and construction sectors. Businesses with long, complicated supply chains will be affected more from indirect costs. These businesses, such as food and beverage and vehicles and vehicle parts, will see higher costs for goods and services on the form of rising price of raw materials and logistics pushing through the supply chain. As a result, profits of these businesses will be affected by both direct and indirect effects of the raise in the minimum wage to 300 Baht. We expect that overall costs may increase up to 8% if companies are able to pass through 100% of costs. However, If the ability to pass through costs is less than 100%, the effect on costs may be reduced to 3%, but companies will still see a 4% reduction in their profits due to the burden of costs that cannot be passed through.