The Entrepreneurs' Tendency to Cope and Minimum Wage in the Future

Ponchai  Berthaisong; Pakkawat  Narin; Thanyarat   Putthiphongchaicharn; Sakon  Phromsathit

doi:10.14456/jsasr.2021.8

The Entrepreneurs' Tendency to Cope and Minimum Wage in the Future

Authors

Ponchai Berthaisong Buriram Rajabhat University, Thailand
Pakkawat Narin Buriram Rajabhat University, Thailand
Thanyarat Putthiphongchaicharn Buriram Rajabhat University, Thailand
Sakon Phromsathit Buriram Rajabhat University, Thailand https://orcid.org/0000-0002-1114-1306

DOI:

https://doi.org/10.14456/jsasr.2021.8

Keywords:

Entrepreneurs' Coping; , Future Minimum Wage; , Trends

Abstract

Minimum wage has been actively attracted by society, rote in concerns about the ability of workforce markets to achieve income equality. A qualitative study into documentary reviews to synthesize the trend of minimum wages as a guideline and preparation for the upcoming situation of entrepreneurs. Entrepreneurs' coping with future minimum wage trends of the impact on the industry found that the industry was most affected, because most of the companies were industrial, and labor-intensive, causing entrepreneurs to pay money to increase the wages of workers as reducing the cost of other products to increase the capital of the company's main strength products or increasing the selling price, also, the price hike is one way to consider heavily.

References

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Ministry of Finance. (2020). Marketing Mechanism. [Online]Source: http://www.mof.go.th/home/index.php

Office of the National Economic and Social Development Board. (2018) The 12th National Economic and Social Development Plan. Bangkok: Office of the National Economic and Social Development Board.

Pimolsaengsuriya, A. (2020). Guidelines for dealing with the minimum wage problem. [Online]. Source: https://slingshot.co.th/resources/blogs/Apiwut_Pimolsaengsuriya/

Thailand Development Research Institute. (2014). The economic impact from the policy of minimum wages of 300 baht per day and a bachelor's salary of 15,000 baht. Bangkok: TDRI Report No. 101

Wikipedia, the free encyclopedia. (2020). Minimum wage history. Source: https://en.wikipedia.org

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Published

2021-03-18

How to Cite

Berthaisong, P. ., Narin, P. ., Putthiphongchaicharn , T. . ., & Phromsathit, S. . (2021). The Entrepreneurs’ Tendency to Cope and Minimum Wage in the Future. International Journal of Sociologies and Anthropologies Science Reviews, 1(2), 23–36. https://doi.org/10.14456/jsasr.2021.8

Issue

Vol. 1 No. 2 (2021): March - April

Section

Articles

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