Currently $1 = 31.5 Thai baht, and Thailand has a minimum wage of 336 Thai baht/day (42 baht/hr).

If the baht appreciates to the point where it is $1 = 1 baht would that 42 baht/hr minimum wage decrease or would Thailand be stuck with it?

Also if it were to decrease wouldn't workers then be discouraged from working?

  • 3
    $\begingroup$ Hi Eric! Unfortunately it is impossible to tell without knowing a many more details because economic processes are interdependent. For example, what is the reason that the baht is appreciating so much? $\endgroup$
    – Giskard
    Jun 19 '21 at 6:54

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