Realisasi Investasi Dan Serapan Tenaga Kerja Sebelum dan Sesudah Implementasi PP No. 78 Tahun 2015

Abstract

This study aims to analyze the difference between investment realization and employment before and after the implementation of Government Regulation No.78 of 2015 concerning wages in domestic capital companies (PMDN) and foreign capital companies (PMA) in Indonesia and to measure the effect of wages on realization investment and employment before and after the application of regulation No. 78 of 2015 in Indonesia. This study uses the classic assumption test, the non-parametric test wilcoxon signed rank test used as a different test and Partial Least Square test. Data was tested in quarterly form for four years in a two-year period before and after the application of this regulation in 34 provinces in Indonesia. The test results found that there were differences in the realization of PMDN and PMA investments and employment of PMA companies between before and after the implementation of PP No.78 of 2015. From the Wicloxon rating test results there was no difference in employment in PMDN companies before and after the application of regulations . From the results of the partial least square test there is no significant effect of wages on investment realization for domestic investment companies, and employment for PMA companies, but there is a negative influence of wages on employment at domestic capital companies, this means that when the wages are paid higher by the company, the PMDN employment will be smaller. The results of this study indicate that the greater the minimum wage that must be paid by domestic capital companies in Indonesia is very influential on the absorption of labor by PMDN. For policymakers, it is advisable to pay attention to the determination of the minimum wage amount, if the minimum wage is too large then worry that unemployment in Indonesia will increase due to the absorption of small labor in Indonesia