BANGKOK -- The Thai government on Tuesday approved raising the minimum wage by 5% to 8%, stirring concerns in key industries like agriculture, construction and hotels that are already dealing with rising costs for commodities, key components and other necessities.
Economy
Thailand approves 5% to 8% minimum wage increase
Companies worry higher labor costs will dampen profits amid fragile recovery
Thailand's cabinet, led by acting Prime Minister Prawit Wongsuwan, on Sept. 13 decided to raise the minimum wage for the first time in two years. © Reuters
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