Inflation is eating my teacher salary

Inflation is eating my teacher salary

As a teacher, I have friends who have received little to no salary hike this year and what's worrying is the rate of inflation going on. Currently as of writing it is 7.7% year on year. My monthly expenses have gone up by 10,000 baht and I always try to save everyday. My friends in the IT industry in Bangkok have received raises called inflation adjustment of 10% on their base salaries. It certainly helps.

International schools are even worse. True they have higher salaries to start with, but almost all have a 2-3.5% maximum yearly salary hike on their pay scale. So I am sure international school teachers are feeling the pinch as well. Some have pointed out to me that their pay has been frozen by the school since 2020. Plenty of reason to not stay at your school for long, and run away after the contract is done.

Will Thailand still be able to attract teachers on the bottom of the barrel 40k salaries anymore? On top of the new licensure requirements. I don't know how many teachers can still hold on to Bangkok, let alone the rest of Thailand.

Paul


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