Pandemi Covid 19 Dan Pengaruhnya Terhadap Pasar Tenaga Kerja Di Indonesia

Abstract

Pandemic Covid 19 is a crisis that begins with health problems. But the crisis is heading towards an economic crisis. This study examines the impact of the economic crisis using various data from various sources such as Bank Indonesia, Ministry of Finance, World Bank, International Labor Organizations, International Monetary Funds and McKinsey. Based on the data collected, the economic impact on the labor market is analyzed. The results of this study conclude that the high unemployment will create a decrease in demand while the Quantitative Easing policy and private sector debt restructuring from Bank Indonesia is directed to the supply sector. Without the demand for goods and services from consumers, the company will not be able to sell its products and recover as usual. The policy suggested from this study is that the government needs to create manpower and whenever it feels necessary to subsidize the salaries of employees, especially in the national leading sectors.

Capital Market Reaction to Several Announcements Related to COVID-19 Vaccine in LQ-45 Index

“…The Indonesian government began implementing the Work From Home (WFH) policy for its citizens because the number of cases keeps increasing. Many companies even laid off employees because decreasing demand from buyers causes the company to temporarily reduce or even stop production, ultimately affecting sales (Cakranegara, 2020). Even the government requested banking sector participants for credit relaxation without establishing defined processes or direct engagement with business actors (Johan, 2020).…”