The tripartite committee considering minimum daily wage hikes is expected to reach its final decision today amid concern that too much of a raise could be detrimental to workers and businesses.
The country has multiple pension funds for retirees, such as the Social Security Fund, Government Pension Fund and National Saving Fund. Those without one rely on the government's old age allowance scheme.
Thai workers are feeling the pinch from months of higher living expenses, leading them to take to the streets on Labour Day to demand a 45% increase in the daily minimum wage.
Red tape and the tedious approach of admitting migrant workers could lead to Thailand slipping further in the US Trafficking in Persons (TIP) report, experts say.