Comparison of the minimum wage in Indonesia, Malaysia and Thailand, Which one is bigger?

Jakarta –

The minimum wage in Indonesia and neighboring countries such as Malaysia, Singapore, Thailand, Vietnam and the Philippines varies greatly. This is how the minimum wage in Indonesia compares to other countries. Who is the greatest?

Launch ASEAN SummaryOn Monday (14/10/2024), the minimum wage increased gradually to offset the increase in the cost of living in the region and to stimulate domestic demand.

However, despite the increase, the minimum wage in most ASEAN countries is still much lower than the minimum wage in developed countries.

In Indonesia itself, the minimum monthly average salary in 34 provinces will be between IDR 2,036-IDR 5,067 million in 2024. At the same time, Malaysia has a monthly minimum salary in 56 major cities of Malaysia of IDR 5.2 million.

The Philippines has a minimum daily wage that varies in each province, from IDR 98,000 – IDR 166,508 per day for 2024. Thailand has a minimum wage in 2024 of around IDR 156,393 for Bangkok and surrounding areas . At the same time, for other areas it set 156,859 per day.

Vietnam divides its 4 regions to set a minimum wage, there is a minimum wage of IDR 3 million per month in the urban areas of district I in Hanoi and Ho Chi Minh City. Category II rural areas from the two main cities in the country such as Can Tho, Da Nang and Hai Phong amounting to IDR 2.7 million per month.

For cities and regions of region III in the northern provinces of Bac Ninh, Bac Giang and Hai Duong, it is IDR 2.3 per month. Category IV which covers the remaining 3 categories is IDR 2.1 million per month.

Finally there is Singapore, this country actually has no minimum wage. However, Singapore has a Progressive Wage Model (PWM). This model aims to help raise the wages of low income workers through developing skills and increasing productivity.

(fdl/fdl)