Is labor in Indonesia cheap?
Some studies have found Indonesia’s wage costs to be the lowest in Asia, a factor that has attracted footwear and textile firms in recent years to relocate to Indonesia from China and Vietnam in recent years.
What is the salary of Labour in Indonesia?
The minimum wage goes up in Indonesia
In 2019, the national minimum wage in Indonesia remained fixed at 95.2 € per month, that is 1,142 euros per year, taking into account 12 payments per year.
Does Indonesia have minimum wage?
Indonesia has a government-mandated minimum wage, and no worker in Indonesia can be paid less then this mandatory minimum rate of pay. Employers in Indonesia who fail to pay the Minimum Wage may be subject to punishment by Indonesia’s government.
Are the cost of labor?
The cost of labor is the sum of all wages paid to employees, as well as the cost of employee benefits and payroll taxes paid by an employer. The cost of labor is broken into direct and indirect (overhead) costs.
What is the average monthly salary in Indonesia?
What is the average salary in Indonesia? People working in Indonesia make an average gross salary of $13,436 a year, $1,120/month, and $6.46 an hour. These numbers differ between cities, industries, and job titles.
What is the minimum wage in China?
In 2020, the minimum hourly wage in Beijing was the highest in China at 24 yuan per hour.
Minimum wage per hour in China as of March 2020, by region (in yuan per hour)
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What is the minimum wage in Jakarta?
On Saturday, October 31, 2020, Anies announced that Jakarta’s minimum wage in 2021 was increased to Rp4,416,186,548 or by 3.27 percent for workers in businesses not affected by the ongoing pandemic.
How much do Nike workers get paid in Indonesia?
Much of Adidas’ and Nike’s sportswear is made in Indonesia, where 80 percent of workers in the garment sector are women and some make as little as 86 euros ($102) a month while others do not earn the legal minimum wage, according to the CCC’s report.
What is minimum wage in Bali?
Average Local Salary: The minimum wage salary for a local in Bali is about $140 per month; those in high paying jobs bring home around $500 per month.
What is minimum wage per hour?
Age 16-17 – £4.62 an hour. Age 18-20 – £6.56 an hour. Age 21-24 – £8.36 an hour.