# If a poorer country's currency appreciates equal to the dollar would their minimum wage decrease?

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?

• 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? Jun 19 '21 at 6:54