Effect of Minimum Wage and Real Interest Rates on Employment, Economic Growth and Social Welfare in the Ex Besuki Residency-East Java-Indonesia
Journal Title: International Journal of Humanities and Social Science Invention - Year 2018, Vol 7, Issue 5
Abstract
Human Resources is the wealth of a country, therefore investment in human capital capital, should be the government's focus on increasing employment. Investing in human capital is indispensable especially in the country of Indonesia so it is a prerequisite for achieving sustainable economic development. The goal is to expand employment, increase economic growth and prosperity of the people, especially in the regions, so the planning should be comprehensive. The Indonesian government is paying attention to the minimum wage policy. If the wage is linked to the interest rate, it will affect the individual's decision on whether to spend more or keep the money in savings. The purpose of this study: To analyzing the effect of minimum wages, real interest rates on economic growth together or partially in the Ex Besuki Residency.
Authors and Affiliations
Dra. Sunarsih Mp, Prof. Dr. Mohammad Saleh M. Sc, Prof. Dr. Syamsul Huda, S. E. Mt, Dr. I Wayan Subagiarta M. Si
Keywords
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