PICODI chose to compare the pricing of fundamental food products with the minimum wages to see how much of the minimum income a person has to spend on necessary products because food preferences and conceptions of a comfortable living differ from region to region, and even from person to person.
There are eight product groups on the list. Although the list is short, the quantities listed are sufficient to meet the minimum nutrient requirements of the average adult:
Milk (10 liters)
Bread (10 loafs 500 g each)
Rice (1.5 kg)
Eggs (20 pcs.)
Cheese(1 kg)
Beef and Poultry (6 kg)
Fruits (6 kg)
Vegetables (8 kg)
The United Kingdom, Ireland, and Australia are the top three countries in this category, according to the PICODY research. The proportion of basic products to the minimum wage varies between 6,6 and 7,3 percent.
Aside from that, the condition of minimum wage laborers in India (a country in the Asia Pacific) is difficult. It's because the bare minimum cost of basic food items eats up over half of their income.
Malaysia is the top country in Southeast Asia, according to the survey, despite being ranked 45th out of 64 countries with a score of 35.3%. Thailand (52,7%, 57th position) and Indonesia (52,7%, 57th place).
"A year ago, these products (In Malaysia) were worth 34.5% of the minimum wage.
“This means that prices have been rising faster than the current minimum wage.
“These are deemed sufficient to meet the minimum nutrient requirements of the average adult and valued at RM372 at the beginning of 2022,” it said.
Malaysia was ranked 55th in this rating, with the minimum salary remaining unchanged in January 2022. The minimum wage in Indonesia grew by 1.4 percent year over year (52nd place)
In comparison to the previous year, there were no adjustments in the minimum wage in ten nations in 2021, according to the research. Thailand and Vietnam are two among them.
Source : Picodi Minimum Wage 2022 Report
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
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understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
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