DEMAND AND SUPPLY OF MILENIAL LABOR AND WAGES: THEORIES AND SOME PORTRAITS IN INDONESIA

Rizka Adlia Yuannisa, Ika Darma Yuni, Rizka Nasution, Isnaini Harahap

Abstract


The labor issue is a very complex and big problem. Good working conditions, high output quality, decent wages and the quality of human resources are issues that always arise in discussions about the workforce in addition to issues of industrial relations between workers and the business world. It can be said that employment in Indonesia is still facing several imbalances, both structural and sectoral. then one of the targets that need to be pursued is to increase the efficiency of the workforce. The demand for labor, which is affected by the marginal value of the product (Value of Marginal Product, VMP), the supply of labor, which is influenced by the free working hours of individual workers and wages, theoretically must be considered so that the policies implemented are close to the desired goals.


Full Text:

PDF

References


Afandi, A., & Bahri, S. (2020). Pengaruh Kepemimpinan Motivasi dan Disiplin Kerja Terhadap Kinerja Karyawan. Maneggio: Jurnal Ilmiah Magister Manajemen, 3(2), 235-246.

Campolieti, M. (2015). Minimum wages and wage spillovers in Canada. Canadian Public Policy, 41(1).

Card, D. & Krueger, AB (1995). Time-series minimum-wage studies: A meta-analysis. The American Economic Review, 85(2).

www.bps.go.id, accessed on January 22, 2023

Nguyen, LH (2018). The minimum wage increase: Will this social innovation backfire? Social Work, 63(4).

Soekoer, AN (2016). Can the minimum wage boost productivity? Facts from 33 provinces in Indonesia. University of Indonesia, Depok.

Stewart, MB (2010). Individual wage levels change and spillover effects of minimum wage increases. University of Warwick. https:// warwick.ac.uk/fac/. Retrieved 2 January 2023.


Refbacks

  • There are currently no refbacks.