Research Article
Factors Affecting Investment And Its Implications On Labor Absorption
@INPROCEEDINGS{10.4108/eai.6-5-2023.2333554, author={Rademtus Suryoko Herastho and Sidik Priadana and Sugiyanto Sugiyanto and Dedi Suwardi Bahagia}, title={Factors Affecting Investment And Its Implications On Labor Absorption}, proceedings={Proceedings of the 3rd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2023, 6 May 2023, Salatiga, Central Java, Indonesia}, publisher={EAI}, proceedings_a={ICLSSEE}, year={2023}, month={7}, keywords={investment social status labor welfare economic growth}, doi={10.4108/eai.6-5-2023.2333554} }- Rademtus Suryoko Herastho
Sidik Priadana
Sugiyanto Sugiyanto
Dedi Suwardi Bahagia
Year: 2023
Factors Affecting Investment And Its Implications On Labor Absorption
ICLSSEE
EAI
DOI: 10.4108/eai.6-5-2023.2333554
Abstract
This condition causes people who are affected by the termination of employment to carry out activities independently to make ends meet. Investments made will add new jobs. Investing will generate income, which increases welfare. With the termination of employment that has befallen him, he earns income to meet his needs. With a changing economy, there has been a shift in the economic level for urban communities in the Bodetabek area. Based on multiple regression analysis results in a simultaneous and partially significant influence between the existence of industrial areas, labor and welfare, social status of society, and level of education on economic growth and labor wages. Ordinary Least Square Multiple Linear Regression and straightforward panel data were used in this study. The study's independent variables, which have an impact on labor wages and serve as the dependent variable with the variable Implications of Economic Growth, were the number of workers, social status, community welfare, and level of community education. These variables were used in the research. The results show that socioeconomic status, total workforce, community welfare, and economic growth both simultaneously and partially have a significant and positive effect on investment in Bodetabek. in Bodetabek, namely 78.1 percent.