THAILAND: The Thailand Development Research Institute estimates that there will be 1 million unemployed people in Thailand by the end of the year, if the Covid-19 pandemic doesn’t subside.
Director of labour development research Yongyuth Chalamwong, says this figure will represent nearly 3% of all working-age people.
Professor Chalamwong told local media that the long partial lockdown measures had had severe and long-term consequences on businesses and the Thai labour market. He suggested that the government provide cash subsidies of at least THB 100 (SGD 4.10) a day until the situation improved.
However, Tanit Sorat, the Vice President of the Employers’ Confederation of Thai Trade and Industry, says cash assistance had not helped the situation in Thailand's "Dark Red" provinces where it was enabled earlier. Instead, he suggests short-term employment schemes to assist around 500,000 university students who are about to graduate. However, the details of the scheme have not been revealed.
While Thailand had fully vaccinated only 15% of its population as of 9 September, its borders are already reopening to more international travelers.