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The National Farmers' Daily Nominal Wage in May 2020 Increases by 0.14 Percent

The National Farmers' Daily Nominal Wage in May 2020 Increases by 0.14 Percent
Release Date : June 15, 2020
File Size : 0.34 MB

Abstract

  • Nominal wage for labor / worker is the average daily wage received by labor as compensation for work performed.
  • The real wage of the worker / worker represents the purchasing power of the income / wage received by the worker / worker.
  • The real wages of agricultural laborers are the ratio between the nominal wages of agricultural laborers and the rural household consumption index, while the real wages of construction workers are the ratio of nominal construction workers' wages to the urban consumer price index.
  • The daily nominal wage of national farm workers in May 2020 increased by 0.14 percent compared to April 2020 peasants' wages, from Rp 55,318.00 to ,396.00 per day. Meanwhile, the real wages of farm workers increased by 0.21 percent.
  • The daily nominal wage of construction workers (non-foremen) in May 2020 increased by 0.01 percent compared to April 2020's wages, from Rp 89,675.00 to Rp 89,684.00 per day. Real wages decreased by 0.06 percent.
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