Thai Income Levels

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Homer
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Re: Thai Income Levels

Post by Homer »

prcscct wrote:After reading our "Starbucks" thread I wanted an update of what income really is per class of Thai society these days. The below is 2014 data and based upon 3 people in a family.
Do you have a link to the source?
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PeteC
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Re: Thai Income Levels

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^ It's on page 1 from yesterday.
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Homer
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Re: Thai Income Levels

Post by Homer »

prcscct wrote:^ It's on page 1 from yesterday.
Thanks. What you labeled 'income' is actually 'purchasing power parities' in 2011 prices. PPP is a theory with some WTF assumptions. The data are far less than precise. They can be based on self report of income or self report of consumption. PPP is used primarly by economists who have no better tool. But it's like wrapping rags and cardboard around your feet and calling them shoes because it's the best you can do.
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STEVE G
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Re: Thai Income Levels

Post by STEVE G »

Homer wrote:
prcscct wrote:^ It's on page 1 from yesterday.
Thanks. What you labeled 'income' is actually 'purchasing power parities' in 2011 prices. PPP is a theory with some WTF assumptions. The data are far less than precise. They can be based on self report of income or self report of consumption. PPP is used primarly by economists who have no better tool. But it's like wrapping rags and cardboard around your feet and calling them shoes because it's the best you can do.
The Thai National Statistics Office has a summary of a private pay survey for 2011:
http://web.nso.go.th/
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Chazz14
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Re: Thai Income Levels

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A fellow villager told us that the starting pay at Thaiwatsadu is 10,000 pm and at 7-11 B9,000 pm (with night shifts).

Both jobs get 1 day off a week so they must work a minimum of 48 pw i.e. 192 hours pm.

It boils down to B52 ph at Thaiwatsadu and B47 ph at 7-11...
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Re: Thai Income Levels

Post by ExpatJohn »

wow great news..I am in the .01 percent with my retirement funds this is good news me thinks.
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hhfarang
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Re: Thai Income Levels

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Another of the things I did not like there. The Missus likes to work and wants to work but it was difficult to find a position there that paid enough to break even on clothing, gasoline, and food expenses related to working. Here she got a job right away making almost as much as my pension and social security combined and she's only part time, 4 days a week getting Thursday, Friday, and Saturdays off.... making me a house husband and kept man! :mrgreen:
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Re: Thai Income Levels

Post by mudcat »

Of note is that the b65,000 bottom of the "high income" band is the same as the monthly income requirement for OA extensions.

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PeteC
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Re: Thai Income Levels

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Wages go up across the board: survey

http://www.nationmultimedia.com/nationa ... 71882.html

Workers with vocational degrees enjoyed the highest average wage increase in the past seven years, according to a joint survey by Sripatum University and the Federation of Thai Industries (FTI).

Between 2009 and 2015, the average income for those with vocational certificates jumped by 57.85 per cent from Bt6,411 to Bt10,120, said Praphan Chaikidurajai, director of SPU's master of science in human resource management.

Those with high vocational certificates had a 53.32 per cent wage increase - Bt7,425 to Bt11,384.

Holders of bachelor's degrees had a 41.59 per cent increase - Bt10,941 to Bt15,491.

The average pay for someone with a master's degree rose 24.16 per cent - Bt16,952 to Bt21,047.

The university researcher did not reveal the reasons for the increases.

During the past seven years, Thailand's minimum wage rose to Bt300.

That ensured a minimum monthly wage of Bt9,000 for unskilled labour, forcing all employers to raise the wages of skilled labour.

Pongdet Sriwachirapradit, vice chairman of FTI's Human Capacity Building Institute, revealed that the average wage for high-level company executives was Bt140,957, dropping to Bt68,201 for middle-level executives and Bt35,554 for primary-level executives.

The average salary for experienced professionals rose to Bt156,599 for high-level executives, to Bt79,245 for middle-level executives and to Bt40,386 for the primary-level executives.

The annual survey, conducted on 110 businesses in 11 industries in June, also found that salaries were set to rise an average 5.04 per cent this year and the average bonus would be 2.3 months. The autoparts industry aimed to give the highest average bonus - seven months.

Almost half or 48 per cent of the surveyed businesses considered bonus payments based on a workers' performance, performance and experience (28 per cent) and a blanket bonus of 19 per cent.

The average staff turnover rate was 12.27 per cent and the most cited reasons for staff leaving a company was to get better wages and welfare, a work-related disgruntled feeling and a work relationship. The survey found that many businesses met the legal welfare requirement and some went beyond it.

Ninety-two per cent of the companies provided uniform welfare, 90 per cent provided death compensation, 87 per cent had an infirmary/clinic and 82 per cent provided group accident insurance.
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