The Job Creation Law Creates a Stronger Indonesian Economy
The presence of the Job Creation Law (UU) will provide many benefits and advantages for all Indonesian people. This will have a significant positive impact on strengthening the nation’s economy.
One of the most obvious benefits of the Job Creation Law is increased foreign investment. This policy creates a more favorable climate for foreign investors by providing various incentives, such as tax cuts. Greater foreign investment means additional funds coming into Indonesia, which can be used for infrastructure projects, job creation and sustainable economic growth.
Socio-Employment Demography Expert from the National Research and Innovation Agency (BRIN), Nawawi, said that the Job Creation Law is a way out of industrial conflicts and creates an investment and business climate with the aim of having a positive impact on various interests, both those of the government, entrepreneurs and worker.
Having a good investment climate will have an impact on increasing production, which will ultimately impact economic improvement, job creation and increased economic growth. The existence of a good investment climate will have an impact on increasing production, which will ultimately impact economic improvement, job creation and increased economic growth.
Apart from increasing investment in Indonesia, this government policy will also trigger the creation of jobs. This is because with various changes in the Job Creation Law, it is hoped that it will be easier for companies to employ new workers. This creates greater job opportunities, especially for Indonesia’s younger generation. With a lower unemployment rate, people will be better able to meet their needs and make a positive contribution to economic growth
Economic observer at the University of Indonesia (UI), Fithra Faisal, said that the regulations in the Job Creation Law are capable of creating as many job opportunities as possible. Not only about employment opportunities, but this policy can also increase economic growth targets so that Indonesia can escape the trap of the middle economy.
With the enactment of the Job Creation Law, much more job opportunities can be opened, because by implementing these regulations in the field, it can have an impact on overcoming the shortage of employment that has been experienced by Indonesia in many fields and levels of business or enterprise.
The Job Creation Law is also called a more business-friendly policy. This is due to the reduction of bureaucracy, so that it can increase company productivity. With more efficient business processes, companies can allocate their resources better, create more innovative products and services, and generate more added value for the economy.
Chairman of the Indonesian People’s Consultative Assembly, Bambang Soesatyo, said that the concept of forming laws and regulations using the omnibus method cuts bureaucracy in the investment sector by deregulating various overlapping regulations, as well as simplifying regulations so that they are more targeted. Through the omnibus law, 80 laws and more than 1,200 articles can be revised at once in just one Job Creation Law which regulates multiple sectors, for example in the field of taxation which revises seven laws at once.
The Job Creation Law also includes various incentives for small and medium enterprises (SMEs). This creates opportunities for local entrepreneurs to develop and compete in domestic and international markets. This could provide a major boost to Indonesia’s economic growth.
Deputy Chair III of the Task Force for the Acceleration of Socialization of the Job Creation Law, Raden Pardede, said that the Job Creation Law is biased towards Micro, Small and Medium Enterprises (MSMEs). This is because there are still many obstacles experienced by the business world, such as problems with business permits and access to resources. By making licensing easier, MSMEs will quickly develop and exist so they can compete and adapt to current developments.
The government guarantees that the Job Creation Law (UU) will provide many benefits and advantages for all Indonesian people. This will have a significant positive impact on the nation’s economy. The Job Creation Law can be a stimulus for the movement of MSMEs and national investment.
With the many benefits of the Job Creation Law, it certainly has support from various parties. This is because more and more people are experiencing the benefits of the Job Creation Law. The Job Creation Law reflects aspirations to improve the investment climate in Indonesia, which can help encourage economic growth and job creation.
By simplifying regulations, reducing bureaucracy, and providing incentives to business people, this law has the potential to attract domestic and foreign investment, which in turn can help reduce unemployment and improve people’s welfare. Support for the Job Creation Law is in line with efforts to create a more competitive, innovative and inclusive business environment in Indonesia.