Purchasing Power Declines Yet Vacation Boom: What’s Behind This Paradox?
Jakarta’s Economic Paradox: The Lipstick Effect and the Rise of the Experience Economy As Indonesia enters 2025, the nation’s economy continues too grapple with decreased purchasing power, mass layoffs, and a shrinking middle class. Yet, amidst these challenges, a curious phenomenon has emerged: entertainment venues are bustling with visitors during long holidays like Isra Mikraj … Read more
