Jakarta Millennials Upbeat About the Future: Survey


DECEMBER 18, 2015

Jakarta. Jakarta's youths are upbeat about their economic prospects despite the current slowdown and high unemployment rate, according to a recent survey conducted by Citi Foundation and the Economist Intelligence Unit.

The survey, titled "Accelerating Pathways: Global Youth Survey 2015," queried 5,250 young people aged 18-25 in 35 cities across the world about their economic situation and how it might change in the coming year.

"Jakarta has the extraordinary potential to grow if the youths in this city are empowered. More than 87 percent of the youths in Jakarta are highly optimistic about their future," said Elvera N. Makki, Citi Indonesia's head of country corporate affairs.

But according to the survey, Jakarta millennials are still less optimistic than those in Lima (94 percent), Mumbai (91 percent) and Bogota (89 percent).

"Optimism seems to be highest in cities with the lowest income per capita, especially Asian and Latin American cities," said the report.

These millennials prefer to work for themselves instead of working for big corporates, the survey found.

The survey highlighted that these would-be entrepreneurs are willing to move from their hometowns to another city for a better opportunity. Forty-seven percent of youth surveyed moved to their current cities for either work, education or a better life in the last five years. Ninety percent of them moved within their own country.

However, having to move from a city to another might no longer be a primary goal for this digital age. Sixty-two percent of youths surveyed believe that computer and technology skills are the most valuable assets for work. However, 70 percent of young people in the developing world don't have access to the Internet.

According to Maliki, manpower and job opportunity development director at the National Development Planning Agency, the report will contribute to the government's planning in the future.

"This research can be a reference for the government and other institutions to create youth empowerment programs that would prepare[millennials in facing] global competition," Maliki said.

Indonesia's economic grew 4.73 percent in the third quarter, a slight acceleration from last year, according to the country's central statistics agency.

Unemployment rose to 6.18 percent in August, compared to 5.9 percent in the same period last year on the back of layoffs by businesses hit with a slowdown in consumer demand.