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International Journal of Economics (IJEC)
ISSN : -     EISSN : 2961712X     DOI : https://doi.org/10.55299/ijec
Core Subject : Economy,
International Journal of Economics (IJEC) E-ISSN. 2961-712X is a refereed publication that comes to address the Economic and Administration challenges that economic units of various nature face in today’s rapidly changing international economic environment. It is designed to publish original and high quality research work that will cast light in contemporary issues and will pave the way for the application of mould-braking solutions. IJEC’s general scope is to stimulate, promote and disseminate contemporary research that will have a significant impact on the theory and practice of Businesses, Public Organizations and other Institutions. IJEC’s aims to bridge the gap between theoretical developments and applied, policy-oriented research, becoming the ideal vehicle of advancing innovative ideas in the framework of entities’ economic management and general administration. In this context, the International Journal of Economics (IJEC) is bound to have a distinctive interdisciplinary profile, destined to cover a wide variety of topics spanning from Business Economics to Management, Finance, Accounting, Insurance, Risk Management, Auditing, Banking, International Economics, and Social Science. The ultimate mission of the International Journal of Economics (IJEC) is to constitute a valuable resource of scientific knowledge and applied research results for academics, practitioners and policy-makers becoming an indispensable ally in tackling modern economy’s challenges.
Articles 681 Documents
Living on The Edge: Survival Strategies of Millennial and Gen Z Under Low Minimum Wages in The Yogyakarta Special Region Amalia, Siti; Kesuma, Agus Iwan
International Journal of Economics (IJEC) Vol. 5 No. 1 (2026): January-June
Publisher : PT Inovasi Pratama Internasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55299/ijec.v5i1.1859

Abstract

The Yogyakarta Special Region (DIY) has set its 2025 Provincial Minimum Wage (PMW) at IDR 2,264,080.95, ranking as the third lowest nationwide, amid a steadily rising cost of living. This situation presents significant challenges for Millennial and Generation Z, who form the backbone of the local workforce. This study examines the dynamics of minimum wage policy implementation for young workers in DIY, focusing on the socioeconomic implications and adaptive strategies of workers in both formal and informal sectors. Using a qualitative approach with in-depth interviews of 20 informants representing diverse occupational and age backgrounds, the study identified five main themes: (1) consumption pattern adjustment, (2) income diversification, (3) social support and collectivity, (4) career aspirations and mobility, and (5) survival strategies rooted in local culture and community-based economy. Findings indicate that although the minimum wage policy aims to improve welfare, young workers in DIY continue to face substantial economic pressures due to the mismatch between wage levels and living costs. Adaptive strategies include consumption frugality, multiple job holding, utilization of digital platforms, and strengthening of community-based social networks. The phenomenon of “economic mutual aid” emerged as a form of social capital rooted in Javanese cultural values, functioning to reduce economic vulnerability through resource sharing, informal financial assistance, and service exchange. This study contributes to the literature on minimum wage policy by highlighting the importance of incorporating local context, social capital, and cultural norms. Policy implications include regional cost-of-living-based wage adjustments, strengthening of social protection, and empowerment of community-based economic initiatives.