TY  - JOUR
T1  - Minimum Wage and Country’sEconomic Competitiveness:An Empirical Discourse Analysis
AU - Jermsittiparsert, Kittisak AU - Sriyakul, Thanaporn AU - Pamornmast, Chayongkan 
JO  - The Social Sciences
VL  - 9
IS  - 4
SP  - 244
EP  - 250
PY  - 2014
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2014.244.250
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2014.244.250
KW  - Minimum wage
KW  -country’s economic competitiveness
KW  -empirical discourse analysis
KW  -discrimination
KW  -Thiland
AB  - This research has an objective to empirically analyze the discourse on the 
  correlations between minimum wage and the country’s economic competitiveness 
  which has been severely criticized by authoritative individuals from both public 
  and private sectors, especially after pheu thai party announced the 300 Baht 
  guaranteed minimum daily wage policy. The research employs an advanced quantitative 
  methodology; analyzing time-series data of minimum wage, foreign direct investment 
  in the industrial sector, import of capital goods, domestic machinery sales 
  and export by advanced statistical methods, regression analysis, Johansen’s 
  cointegration test and Pairwise Granger’s causality test. The regression 
  analysis has revealed that minimum wage is positively correlated with all 4 
  concerning variables, foreign direct investment in the industrial sector, import 
  of capital goods, domestic machinery sales and export. Whereas, the Johansen’s 
  cointegration test has contrarily indicated that only export has a long run 
  relationship with minimum wage. Moreover, minimum wage has a causal relationship 
  with export, according to the Pairwise Granger’s causality test. This indicates 
  that under the superior status of the authorities who dominate the process of 
  building a body of knowledge, as well as distort the truth, so as to seize control 
  over the society, the claim that the minimum wage increase will affect the country’s 
  economic competitiveness with regard to the investment and export sector is 
  not a good-faith mistake but an effort of discourse fight on the economic unfairness 
  and social-class discrimination which is still the root of Thailand’s critical 
  structural problems.
ER  -