The Fragile Thai Labor Market: Underlying Challenges Amid Strong Employment Numbers

In this video, we delve into the Thai labor market's vulnerabilities, despite seemingly robust employment figures. The article highlights how the Thai economy's prolonged slow growth, declining foreign tourist arrivals, and the uncertainty surrounding US tax policies are impacting the labor market. We explore the rising unemployment rates among specific age groups, the decline in the number of employed individuals, and the decrease in average working hours. The video also discusses the long-term effects of the COVID-19 pandemic on workers' income and the increasing proportion of informal workers, who face lower and uncertain earnings. Additionally, we examine the structural challenges facing the Thai labor market, such as the aging population and declining labor productivity. Finally, we discuss the strategies that Thai workers need to adopt to adapt to these challenges, including upskilling, financial resilience, and adaptability to new work trends and technologies.

Видео The Fragile Thai Labor Market: Underlying Challenges Amid Strong Employment Numbers канала Future Point