Dampak Upah Minimum Terhadap Produktivitas Tenaga Kerja: Studi Kasus Industri Manufaktur Indonesia

Jemila Rahmi, Riyanto Riyanto
| Abstract views: 0 | views: 0

Abstract

In the last two decades, the manufacturing industry’s contribution to Gross Domestic Product (GDP) has decreased from 26.4 percent in 2000 to 21.7 percent in 2019. The sinking productivity of the manufacturing industry causes this decline in performance. Therefore, to increase the manufacturing industry’s performance, productivity must be boosted. One way to improve the manufacturing industry’s productivity is to increase labor productivity it self. According to the wage efficiency theory and production theory, wage is one of the factors that can affect labor productivity. Through the spillover effect mechanism, an increase in the minimum wage will increase workers’ wages. Meanwhile, the increase in workers’ wages will affect labor productivity. This study aims to examine the spillover effect using a syllogistic framework, which examines the effect of an increase in minimum wages on wage increases, and the effect of wages on labor productivity in the manufacturing industry. Using the panel data regression model and BPS large medium industry survey data from 2010 to 2015, this study shows that minimum wages are positively and significantly associated with wages, and positively and significantly associated with labor productivity. These results indicate a spillover effect of an increase in the minimum wage on the increase in workers’ wages, which has implications for labor productivity in the manufacturing industry. Thus, the minimum wage policy can be used as an instrument in boosting labor productivity of the manufacturing industry.

Keywords: minimum wages, spillover effect, manufacturing industry, labor productivity

Abstrak

Dalam dua dekade terakhir, kontribusi industri manufaktur terhadap Produk Domestik Bruto (PDB) mengalami penurunan dari 26,4 persen pada tahun 2000 menjadi 21,7 persen pada tahun 2019. Penurunan kinerja tersebut disebabkan oleh menurunnya produktivitas industri manufaktur. Agar kontribusinya terhadap PDB dan pertumbuhannya kembali meningkat, maka produktivitas industri manufaktur harus ditingkatkan. Salah satu caranya adalah dengan meningkatkan produktivitas tenaga kerja industri manufaktur itu sendiri. Menurut teori efisiensi upah dan teori produksi, upah merupakan salah satu faktor yang dapat memengaruhi produktivitas tenaga kerja. Melalui mekanisme spillover effect, kenaikan upah minimum akan memengaruhi kenaikan upah pekerja tetap. Sementara kenaikan upah pekerja diduga akan memengaruhi produktivitas tenaga kerja. Penelitian ini bertujuan menguji adanya spillover effect tersebut dengan kerangka silogisme yaitu menguji pengaruh kenaikan upah minimum terhadap kenaikan upah, dan menguji pengaruh upah terhadap produktivitas karyawan/pekerja tetap pada industri manufaktur. Dengan menggunakan panel data regression model dan data survei industri besar-sedang BPS dari tahun 2010 sampai dengan tahun 2015, penelitian ini menunjukkan bahwa upah minimum berasosiasi positif dan signifikan terhadap upah, dan upah berasosiasi positif dan signifikan terhadap produktivitas tenaga kerja. Hasil ini membuktikan adanya spillover effect kenaikan upah minimum terhadap kenaikan upah pekerja yang berimplikasi pada meningkatnya produktivitas tenaga kerja pada industri manufaktur. Oleh karena itu, kebijakan upah minimum dapat digunakan sebagai instrumen untuk meningkatkan produktivitas tenaga kerja pada industri manufaktur.

Kata kunci: upah minimum, spillover effect, industri manufaktur, produktivitas tenaga kerja

Keywords

minimum wages; spillover effect; manufacturing industry; labor productivity; upah minimum; industri manufaktur; produktivitas tenaga kerja

Full Text:

PDF

References

Buku:

Mankiw, N.G. (2007). Makroekonomi (cet. Ke-6). Jakarta: Erlangga.

Mundiri. (2012). Logika. Jakarta: Raja Grafindo Persada.

Pindyck, R.S. & Rubinfeld, D.L. (2013). Microeconomics (8th ed.). New Jersey: Pearson Education Inc.

Jurnal:

Bhattacharya, M., Narayan, P.K., Popp, S., & Rath, B.N. (2011). The productivity-wage and productivity-employment nexus: A panel data analysis of Indian manufacturing. Empirical Economics, 40(2), 285-303.

Bhorat, H., Kanbur, R., & Stanwix, B. (2014). Estimating the impact of minimum wages on employment, wages, and non-wage benefits: The case of agriculture in South Africa. American Journal of Agricultural Economics, 96(5), 1402-1419.

Bossler, M., Gürtzgen, N., Lochner, B., Betzl, U., & Feist, L. (2020). The German minimum wage: effects on productivity, profitability, and investments. Jahrbücher für Nationalökonomie und Statistik, 240(2-3), 321-350.

Campolieti, M. (2015). Minimum wages and wage spillovers in Canada. Canadian Public Policy, 41(1), 15-34.

Card, D. & Krueger, A.B. (1995). Time-series minimum-wage studies: A meta-analysis. The American Economic Review, 85(2), 238-243.

Dewi, S.G. (2018). The effects of minimum wage throughout the wage distribution in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 7(2), 221-232.

Fafchamps, M. & Soderbom, M. (2006). Wages and labor management in African manufacturing. Journal of Human Resources, 41(2), 356-379.

Fedulova, I., Voronkova, O.Y., Zhuravlev, P., Gerasimova, E., Glyzina, M., & Alekhina, N.A. (2019). Labor productivity and its role in the sustainable development of economy: On the example of a region. Entrepreneurship and Sustainability Issues, 7(2), 1059-1073.

Ferraro, S., Merikull, J., & Staehr, K. (2018). Minimum wages and the wage distribution in Estonia. Applied Economics, 50(49), 5253-5268.

Georgiadis, A. & Pitelis, C.N. (2012). Human resources and SME performance in services: Empirical evidence from the UK. The International Journal of Human Resource Management, 23(4), 808-825.

Grabowski, R. & Self, S. (2020). Industrialization and deindustrialization in Indonesia. Asia & the Pacific Policy Studies, 7(1), 95-111.

Harasztosi, P. & Lindner, A. (2019). Who Pays for the minimum Wage?. American Economic Review, 109(8), 2693-2727.

Hastiadi, F.F. & Nurunnisa, A. (2017). Real exchange rate, trade balance and deindustrialization in indonesia. Towards A Common Future, 273-294.

Howell, A. (2020). Minimum wage impacts on Han-minority workers’ wage distribution and inequality in urban China. Journal of Urban Economics, 115.

Howes, C. (2005). Living wages and retention of homecare workers in San Francisco. Industrial Relations: A Journal of Economy and Society, 44(1), 139-163.

Kim, H.S. & Jang, S.S. (2019). Minimum wage increase and firm productivity: Evidence from the restaurant industri. Tourism Management, 71, 378-388.

Konings, J. & Marcolin, L. (2014). Do wages reflect labor productivity? The case of Belgian regions. IZA Journal of European Labor Studies, 3(1), 11.

Ku, H. (2020). Does minimum wage increase labor productivity? Evidence from piece rate workers. IZA Discussion Paper, 13369.

Kumar, S., Webber, D.J., & Perry, G. (2012). Real wages, inflation and labour productivity in Australia. Applied Economics, 44(23), 2945-2954.

Liu, S., Hyclak, T.J., & Regmi, K. (2016). Impact of the minimum wage on youth labor markets. Labour, 30(1), 18-37.

Metcalf, D. (2008). Why has the British national minimum wage had little or no impact on employment?. Journal of Industrial Relations, 50(3), 489-512.

Nguyen, L.H. (2018). The minimum wage increase: Will this social innovation backfire?. Social Work, 63(4), 367-369.

Ozturk, M., Durdyev, S., Aras, O.N., Ismail, S., & Banaitienė, N. (2020). How effective are labor wages on labor productivity?: An empirical investigation on the construction industry of New Zealand. Technological and Economic Development of Economy, 26(1), 258-270.

Rama, M. (2001). The Consequences of doubling the minimum wage: The case of Indonesia. Industrial and Labor Relations Review, 54(4), 864-881.

Riley, R., & Bondibene, C.R. (2017). Raising the standard: Minimum wages and firm productivity. Labour Economics, 44, 27-50.

Schmitt, J. (2015). Explaining the small employment effects of the minimum wage in the United States. Industrial Relations: A Journal of Economy and Society, 54(4), 547-581.

Stewart, M.B. (2012). Wage inequality, minimum wage effects, and spillovers. Oxford Economic Papers, 64(4), 616-634.

Syarip, R. (2017). Globalization and deindustrialization: The political economy of domestic institutions (or lack thereof) in the post-new order Indonesia. Global Strategis, 11(1), 27-38.

Umar, A. (2014). Effect of wages, work motivation and job satisfaction on workers’ performance in manufacturing industry in Makassar city. European Journal of Business and Management, 6(5), 75-88.

Wakeford, J. (2004). The productivity–wage relationship in South Africa: An empirical investigation. Development Southern Africa, 21(1), 109-132.

Yankovyi, O., Goncharov, Y., Koval, V., & Lositska, T. (2019). Optimization of the capital-labor ratio on the basis of production functions in the economic model of production. Scientific Bulletin of National Mining University, 4, 134-140.

Zhang, J. & Liu, X. (2013). The evolving pattern of the wage–labor productivity nexus in China: Evidence from manufacturing firm-level data. Economic Systems, 37(3), 354-368.

Sumber Digital:

Asian Productivity Organization. (2019). APO productivity databook 2019. Diperoleh tanggal 10 Agustus 2020, dari https://www.apo-tokyo.org/publications/ebooks/apo-productivitydatabook-2019.html.

Kementerian Perindustrian RI. (2015). Kebijakan industri nasional tahun 2015-2019. Diperoleh tanggal 7 Agustus 2020, dari https://kemenperin.go.id/download/Kebijakan-Industri-NasionalTahun-2015-2019.html.

Sumber Lain:

Klein, N. (2012). Real wage, labor productivity, and employment trends in South Africa: A closer look. International Monetary Fund.

Pham, T.H.T. (2015). The effect of minimum wage on US labor productivity 1997-2013: The higher, the better?. Doctoral dissertation, Miami University.

Soekoer, A.N. (2016). Apakah upah minimum mampu mendorong produktivitas? fakta dari 33 provinsi di indonesia. Universitas Indonesia, Depok.

Stewart, M.B. (2010). Individual level wage changes and spillover effects of minimum wage increases. University of Warwick. https://warwick.ac.uk/fac/. Diakses tanggal 20 Agustus 2020.

Utari G.A., Syarifudin, F., & Cristina, R. (2014). Produktivitas dan upah optimal tenaga kerja sektor industri pengolahan di Indonesia. Bank Indonesia Working Paper 13.


Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Refbacks

  • There are currently no refbacks.