Tag: CPI

Minimum wage – a blessing or a curse?

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MAX NEU & KWANKAMON THANADKAH “Thailand is a splendid candidate for applying automatisation to minimum wage increases.” The minimum wage is, and has been, a controversial topic among economic experts and the public.On one side of the spectrum, neoclassical economists claim it is counterproductive in terms of employment as it increases employers’ overheads and serves […]

What do corruption indices tell us?

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Natchapol Praditpetchara One way to gauge the efficacy of a country’s anti-corruption efforts is to examine various corruption indices. Every year, countries worldwide are evaluated by a myriad of indices that measure their levels of corruption. Such measures are by and large based on the perceptions of people garnered from mass surveys as this is […]