Manufacturing in Thailand adapts to higher wages – The Nation

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Companies get lean and mean. Many labour-intensive sectors have tried to adjust their operations to deal with the nationwide imposition of a Bt300 minimum daily wage. These…

Michel Baudin‘s insight:

Wages rise in Thailand, as in China and Vietnam. It means these economies are in transition away from competing based on cheap labor. It means more elaborate products, higher quality and productivity, along with the rise of a middle class hungry for imports. In the garment industry, higher wages also trigger a move from cotract manufacturing of cheap goods into high fashion.

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