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- Pheu Thai
- Move Forward party
- Pita Limjaroenrat
- Move Forward
- minimum wage
- GDP per capita
- Prayuth Chan-ocha
- domestic consumption
Thailand’s Pheu Thai party, linked to deposed PM Thaksin Shinawatra, regains power in a coalition with military proxy parties. The move is seen as a risk of internal infighting and regime instability, as surveys show public opposition to the alliance.
Move Forward and Pheu Thai’s Minimum Wage Plan Will Help Thailand’s Economy Recover to Its Former Growth
By significantly increasing Thailand’s minimum wage, the new government will revive the economy to its former growth, with surges in employment rate and purchasing power that come after.
Long years of economic inequality under Thailand’s military government has fueled the people’s backfiring support for the opposition parties, making them win a landslide victory in the national election this year.
Move Forward and Pheu Thai’s Minimum Wage Plan Will Enable Faster Growth of Thailand’s Domestic Economy
Move Forward and Pheu Thai’s proposal of minimum wage increase will enable faster growth of Thailand’s domestic economy, by striking a better balance on growth between manufacturing and non-manufacturing sectors.
If Pita Limjaroenrat’s progress is blocked, Pheu Thai leaders are expected to nominate a candidate more likely to pass the threshold of 376 to become premier.
The proposals by the Move Forward Party and Pheu Thai will increase the minimum wage by between 33.5% and 78.0% by this year and 2027, respectively.
In at least two decades, all security commanders in Thailand will be rotated. Caretaker Prime Minister Prayut Chan-o-cha will use the reshuffle to ensure that the military leadership remains firmly independent of elected civilian control for years to come.
The Kingdom’s conservative forces may have little option but to give way to the elected parties, at least for now.
Despite opinion polls suggesting the likelihood of a change in government, a history of military coups, court orders, and junta-formulated 2017 constitution sustain fears of the military’s continued rule.