2023
DOI: 10.15294/jejak.v16i1.42881
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Delphi Method in Analyzing of Minimum Wage Setting in Indonesia: Formula vs. Negotiation Model

Mohamad Anis Agung Nugroho,
Yohanna M.L Gultom

Abstract: Many countries set their minimum wages based on two models, through negotiation or mathematical formulas. In Indonesia, the negotiation model has been used to determine the minimum wages since 2003. In 2015, the law introduced the simple formula model that was further revised in 2016 with additional variables. Using the Delphi method, this study aims to find experts’ consensus regarding whether the governance of the formula model is superior to that of the negotiation model in terms of transaction cost minimiz… Show more

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