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),
said it was not a good time to increase the daily wage as it would increase production costs at a time when the economy had not fully recovered.
It would force SMEs to move their production bases to neighbouring countries where wage costs are lower, he said.