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Pakpahan, Evalina
Prodi Ekonomi Pembangunan, Universitas Tjut Nyak Dhien.
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Upah Minimum Regional, Investasi Dan Penyerapan Tenaga Kerja Kota Medan Dari Tahun 2016-2024 Pakpahan, Evalina
JURNAL MANAJEMEN DAN BISNIS Vol 3 No 3 (2025): Edisi Januari 2025 - April 2025
Publisher : Fakultas Ekonomi Universitas Tjut Nyak Dhien Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36490/jmdb.v3i3.1713

Abstract

This study aims to analyze the influence of minimum wage and domestic investment (stock of capital) on labor absorption in Indonesia. The main focus is on how the labor supply side can adapt to the evolving demands of the labor market, both in terms of quality and legal protection. The study uses time series data over a nine-year period and is analyzed using multiple linear regression. The independent variables are minimum wage and domestic investment, while the dependent variable is the labor absorption rate. The results show that the minimum wage has a positive but not significant effect on labor absorption. Meanwhile, domestic investment does not have a significant effect on labor absorption. A simultaneous test of both variables also indicates that together they do not have a significant effect on labor absorption. The coefficient of determination (R²) value of 50.4% suggests that other variables not included in the model may influence labor absorption. The study concludes that minimum wage and domestic investment are not sufficient to significantly explain the dynamics of labor absorption during the observed period. Therefore, further exploration is needed on other potentially dominant factors, such as the quality of workforce education, technology, or employment policy.
Co-Authors Abdi Sugiarto Afif Herliandi Nasution Aidil Putra, Aidil Andi Nova Bukit Andi Nova Bukit andrio Bukit Awaludin awaludin Bangun, Rosniwaty Br. dahlia kusuma dewi Damanik, Darwin Damrus, Damrus Daniel Ebenezer Silaban Dewi, Rita Rosmala Donald Frensius Pasaribu erwin Harun Fajri Hadi Fatmawati . Fauzan Azim Hajatina Hajatina HILMAN LUBIS Hulu, Ingati Khamo Waruwu Lubis, Hilman Lubis, Indah Sari Liza Manalu, Pius Deski Manalu, Simon Patar Rizki moh. alfanny nasution Muhammad Fadlan Siregar Muhammad Rahmat Hidayat Muhammad Syafi'i Murad Daulay MUKARRAMAH Nella Lubis Noviandra Zein, Iqmal Nuzuliati, Nuzuliati Oki Prayogi Prabudi, Bayu Aruf Putra, Irwan Agusnu Rahmarisa , Faty Rizki Ari Wibowo Rosniwaty Bangun Sembiring, Bellen Viebiola Serius Halawa Sholeman, Muhammad Sihombing, Juli Mutiara Simon Patar Rizky Manalu Simon Patar Rizky Manalu Sonia Utami Sinurat Sridayanti Gea Taufik Hidayat Lubis Tri Kartika Yudha Uswatun Hasanah Waruru, Kamo Waruwu, Aurelia Siska Yanti WARUWU, KHAMO Yanti, Rizky Febri Yenny Lisbeth Siahaan Zalukhu, Berkat Emanuel