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All Journal JEJAK Jurnal Ekonomi & Studi Pembangunan Jurnal Pendidikan, Sains, Geologi, dan Geofisika (GeoScienceEd Journal) Jurnal Locus Penelitian dan Pengabdian JDEP (Jurnal Dinamika Ekonomi Pembangunan) Sinomika Journal: Publikasi Ilmiah Bidang Ekonomi dan Akuntansi Journal of International Conference Proceedings Jurnal REP (Riset Ekonomi Pembangunan) Jurnal Ekonomi Pembangunan dan Pariwisata JER (Jurnal Ekonomi Regional)
Astuti Rahayu, Astuti
UPN “Veteran” Yogyakarta
Aerospace Engineering Agriculture, Biological Sciences & Forestry Humanities Automotive Engineering Chemistry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Mathematics Physics

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Rigidity of Nominal Wages of Non-Production Workers in Industrial Sector Sulistiyono, Bambang; Susanto, Joko; Rahayu, Astuti
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 8, No 2 (2015): September 2015
Publisher : Semarang State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v8i2.6166

Abstract

Excess supply of labor leads to low the levels of nominal wages received by workers. The amount of minimum wage rate exceeds the market wage rate. The determination of minimum wage is a factor manifested in the institutional and regulatory Provincial Minimum Wage or a District Minimum Wage. Unfortunately, it has made nominal wages  difficult to drop below the minimum wage level. High or low level of nominal wages are associated with worker productivity. Further, nominal wages are rigid to go down. If they have increased, they can not be dropped in the future even though the companys performance is declined. Knowing that condition, in designing the remuneration system, an employer should pay attention to the rigidity of nominal wages, so that when  companys performance declines, the company will not be interfered because of the wages burden.  Furthermore, unions and government should consider the rigidity impact of nominal wages that go down. Thus, when macroeconomic conditions deteriorate and companys performance drops, the company will not go bankrupt due to high labor costs. If the company goes bankrupt, the workers will loose their jobs as a result of employment termination, while the government will face the unemployment problem. 
Rigidity of Nominal Wages of Non-Production Workers in Industrial Sector Sulistiyono, Bambang; Susanto, Joko; Rahayu, Astuti
JEJAK: Jurnal Ekonomi dan Kebijakan Vol 8, No 2 (2015): September 2015
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/jejak.v8i2.6166

Abstract

Excess supply of labor leads to low the levels of nominal wages received by workers. The amount of minimum wage rate exceeds the market wage rate. The determination of minimum wage is a factor manifested in the institutional and regulatory Provincial Minimum Wage or a District Minimum Wage. Unfortunately, it has made nominal wages  difficult to drop below the minimum wage level. High or low level of nominal wages are associated with worker productivity. Further, nominal wages are rigid to go down. If they have increased, they can not be dropped in the future even though the company's performance is declined. Knowing that condition, in designing the remuneration system, an employer should pay attention to the rigidity of nominal wages, so that when  company's performance declines, the company will not be interfered because of the wages burden.  Furthermore, unions and government should consider the rigidity impact of nominal wages that go down. Thus, when macroeconomic conditions deteriorate and company's performance drops, the company will not go bankrupt due to high labor costs. If the company goes bankrupt, the workers will loose their jobs as a result of employment termination, while the government will face the unemployment problem. 
Co-Authors Arum Sari, Dyah Bambang Sulistiyono, Bambang Diah Lufti Wijayanti Dita, Risa Anin Enjeli, Putri al Jamzani Sodik JOKO SUSANTO Khairun Nisa NURLITASARI, ARINI Parjono, Elvina Damayanti Sri Suharsih Suprapti, Sri Budiwati Wahyu Supriatin, Dwi Vira Yuninda, Berlian Wijayanti, Diah Lufti