Key insights and market outlook
Hundreds of workers from various Indonesian labor unions protested in Jakarta, demanding a higher minimum wage for DKI Jakarta province. The workers, led by Said Iqbal of KSPI, are calling for the UMP (Upah Minimum Provinsi) to be raised from Rp 5.73 million to Rp 5.89 million, aligning with the Kebutuhan Hidup Layak (KHL) standard 1
Hundreds of workers from various labor unions converged on the Indonesian Parliament building in Jakarta, demanding changes to the current minimum wage structure. The protesters, led by Said Iqbal, President of the Indonesian Workers' Confederation (KSPI), presented four main demands, with the primary focus on increasing the DKI Jakarta UMP 1
Said Iqbal emphasized that Jakarta, being an international city, has a high cost of living. He argued that with the current UMP of Rp 5.73 million, workers are forced to subsidize their living expenses by Rp 160,000 monthly when compared to the KHL standard 2
In a unique demand, Said Iqbal suggested that the Jakarta Governor should provide a monthly subsidy of Rp 200,000 to workers to bridge the gap between the current UMP and the KHL. He cited examples of similar practices in cities like Brasilia, Sao Paulo, and Sydney 3
Workers' Protest in Jakarta
Demand for Higher Minimum Wage
Labor Rights Demonstration