Pointing out that the minimum wage increase of 400 baht will not affect large business operators much.

The Real Estate Information Center, Government Housing Bank, stated that the 400 baht minimum wage increase will not affect large business operators much because modern technology will be used to help. The ones who will benefit are foreign workers. According to the government's policy to increase the minimum wage to 400 baht for some types of businesses nationwide, which will be effective on October 1st, Mr. Wichai Wiratkaphan, Acting Director of the Real Estate Information Center, Government Housing Bank, commented that the wage issue will be embedded in every molecule of construction. It has been calculated that the wage will be 40% of the construction value of a house, excluding the value of the land. This means that if a house has a total cost of labor and construction equipment of 1 million baht, the construction wage will be 400,000 baht, etc. The wage increase from 300 baht to 400 baht will increase by another 30%, which will affect construction costs and transportation costs. Personally, I think it will affect small entrepreneurs with little capital, while large entrepreneurs will not be affected much because they use modern technology to help with construction work. As for Thai skilled labor, who currently earn 600-700 baht per day, they will not be affected. The group of workers who will benefit are foreign workers because their wages will have to be adjusted from 300 baht to 400 baht. 513.-Thai News Agency Source: Thai News Agency