Indonesia Labor Union Demands 30%-40% Wage Increase

The transcript discusses the challenges faced by the new Indonesian Minister of Labor due to labor demands for significant pay rises. The Minister aims to find a balanced solution that considers both labor needs and business burdens. The National Labor Union is demanding a 30-40% wage increase if fuel prices rise, citing the inadequacy of the current minimum wage. Indonesia plans to develop a new minimum wage policy and conduct a comparative study of wage practices in other countries, moving away from a cheap labor policy to attract foreign investment.

What is Indonesia planning to formulate regarding the minimum wage in the manufacturing sector?

How has Indonesia's approach to labor policy changed in recent times?