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Jakarta Post

Protecting labor and jobs

  • The Jakarta Post

  /   Thu, August 22 2019   /  12:34 am

A free-wheeling labor market would never work in the interest of workers, given the unequal status of employers and employees, and because in the bread and butter terms of jobs and wages, the interests of employers and workers often oppose each other.Hence, laws and regulations are needed to provide workers with strong bargaining power, and the government guarantees the freedom of workers to set up organizations or trade unions. However, overly protective labor legislation could kill the goose that lays the golden egg.Workers stand to lose the most if the law and rules are too punitive for companies as this would further dampen the demand for workers in the already glutted labor market, with almost 8 million unemployed, more than 40 million underemployed and an annual addition of 2.5 million new job seekers. Both domestic and foreign companies have long complained that a number of rules ...