Inflation poisoning, “poor people” suffer 10 years, average purchasing power only 15 baht
Inflation poisoning, "poor people" suffer 10 years, average purchasing power only 15 baht
TU pointed out that inflation poisoning “poor people” worse for 10 years, average purchasing power increased only 15 baht, increased wages by 5% to help the poor to a certain level But it’s not sustainable. Assoc. Prof. Dr. Kiriya Kulkolkarn, Lecturer of the Faculty of Economics Thammasat University (TU) revealed that low-income earners are more affected by inflation than high-income earners. Therefore, in a situation where the cost of living has risen from inflation reaching 7%, it is a good idea to raise the minimum wage across the country. By the proportion of the 5% adjustment according to the Wage Committee resolution, it can help workers to some extent.
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