While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum - Career - Nairaland
Nairaland Forum / Nairaland / General / Career / While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum (13865 Views)
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| While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by karlboss: 1:44pm On Feb 09, 2017 |
Nigeria’s current minimum wage is N18,000 ($60) with organised labour asking it be increased to at least N50,000 ($166), despite several state and local governments defaulting on the existing amount. The Nigerian government has not acceded to labour’s request amidst a biting recession that has crippled Africa’s largest economy. Workers have meanwhile complained the N18,000 is way below a living wage and cannot meet basic needs of workers. Supporters of a South African minimum wage say it can stimulate growth as workers can spend more, and reduce inequality. Critics say it could lead to increased unemployment as employers will be unable to afford higher wage bills. Credit ratings agencies have said agreeing a minimum wage would help Africa’s most industrialised economy hold onto its investment-grade rating by stabilising the labour market and reducing the number of strikes. The balance we have sought to strike is that it must not be too low, so that it doesn’t affect the lowest paid workers, but not too high that it leads to massive job losses,” Mr. Ramaphosa told a news conference. Mr. Ramaphosa said the national minimum wage, which equates to 20 rand (1.50 dollars) per hour, would come into effect in May 2018. Businesses that are unable to afford the minimum wage would be permitted to apply for an exemption of up to 12 months, he said. The Treasury had also thrown its political weight behind the policy initiative. Chief economist at Nedbank, Dennis Dykes, said the agreement was a sign of an improving relationship between labour, business and government, but warned that its implementation needed to be monitored. “It is by no means certain this will lead to job creation. “It needs to be watched carefully for any negative effects,” Mr. Dykes said. Monthly earnings for employees averaged 18,045 rand (1,200 dollars) per month in May 2016, according to Statistics. Many workers earn far less than that, with domestic workers and farm labourers among the lowest paid. Some unions had asked for a minimum wage of as much as 4,500 rand. South Africa’s mining sector was brought to its knees by a crippling five-month stoppage over pay in 2014,pushing the economy to the brink of a recession. South Africa’s unemployment rate hit its highest level on record, 27.1 per cent of the workforce, in the third quarter of 2016, and it remains amongst the world’s most unequal societies. http://www.premiumtimesng.com/news/headlines/223035-nigerias-minimum-wage-stands-60-south-africa-introduces-260-minimum-wage.html which way 9ja 2 Likes 1 Share |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Afriifa(m): 1:45pm On Feb 09, 2017 |
Don't blame anyone without blaming yourself first. When you chose a political PARTY in place of the right CANDIDATE who is from another political party what do you expect? When you decides to vote for geopolitical reasons instead of National interest, what do you expect? When you chose to follow TRIBAL candidate instead of the BEST man for the job, what do you expect? When you chose to cast your vote for the sake of RELIGION, what do you expect? I can go on and on, but let me stop here. Forgetting the fact that POVERTY, CRIME, HUNGER ETC. Does not respect your so called TRIBE, RELIGION, GEOPOLITICAL ZONES, and yes even your "PARTY". 120 Likes 8 Shares |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Agadinho(m): 1:51pm On Feb 09, 2017 |
That's a stable country with stable economy..... 6 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by adonis89(m): 1:52pm On Feb 09, 2017 |
And idiots will open their useless mouth and say I love my country. Foolishness isn't patriotism as exhibited by one slowpoke here 20 Likes 1 Share |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by karlboss: 4:01pm On Feb 09, 2017 |
Afriifa: make sense die and when some tribe talks about breakng out they call them all sort of names. to me dividing nigeria is the best way to go 38 Likes 4 Shares |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Afriifa(m): 4:04pm On Feb 09, 2017 |
fair, but there are better options |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by escapefromusa(f): 4:25pm On Feb 09, 2017 |
Is this wage for white south africans or black south africans with 66% unemployment rate ...  1 Like |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by omenkaLives(m): 4:46pm On Feb 09, 2017 |
This is why when they REBASED our economy under Jonathan and popped all manner of champaigns for us "surpassing South Africa", i just couldnt stop shaking my head at their stupidity. SA is and WAS ahead of us in all positive indices used to measure the strength of an economy: per capita income, per capita gdp, cost of living, standard of living, life expectancy, meternal mortality, infrastructure, education, science and technology, strength of their local currency, name it. This isnt coming as a surprise to me. 28 Likes 4 Shares |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by iluvdonjazzy: 6:01pm On Feb 09, 2017 |
is not as if our leaders does't kn about all these, the fact remains that, they enjoy seeing the masses suffering, may God bless Yara'dua, the only president that has the masses at heart 5 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by WINNERMENTALITY: 6:19pm On Feb 09, 2017 |
karlboss:U spoke my mind. Without this country dividing people will still vote along, tribal, religious, political and economical reason and that's the problem of this country.. Whenevr time for Voting comes we forget the better canditate and go for our own even though its clear our own is not better. 9 Likes 1 Share |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by WINNERMENTALITY: 6:21pm On Feb 09, 2017 |
omenkaLives:Can't you just comment without calling Jonathan. Even when is glaring to everyone that he tried for our ecnomy 30 Likes 2 Shares |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by ATERI(m): 6:28pm On Feb 09, 2017 |
....and Germany does not have a minimum wage. Comparison expert! 1 Like 1 Share |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by omenkaLives(m): 6:34pm On Feb 09, 2017 |
WINNERMENTALITY:Please quote me when you are ready to sound like a human being with a functional brain. It disgusts me when i see nonsense in my mentions. Is jonathan your father? What the fhuck is your business whose name i mention or dont i have the right to speak my mind anymore because your god is involved? Go look for people of like minds with you and banter with them for as long as you like and leave me the hell alone- i dont owe you or anyone like you any apology. Nonsense. Jonathan was a failure and remains a failure. Any idiot who doesnt like me saying so can go to hell. 27 Likes 2 Shares |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by akoko11: 6:41pm On Feb 09, 2017 |
Nice move by South Africa 1 Like |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by ATERI(m): 7:06pm On Feb 09, 2017 |
escapefromusa: I`m always relaxed when people that are talking Nigeria down have never left Nigeria before. You can learn on goggle but not the context and reality. The very first room I rented in Europe cost me 200 Euro. Well, in Nigeria as an undergraduate I was paying 50 Naira for the room of the same size. In any food kiosk in Nigeria, I would only pay for fried rice, water would come with it free of charge, In Europe no free water, you have to buy it. In Europe, I can`t remember a bus ride that cost less than a Euro, when you do the exchange rate, that one Euro would take care of any inter-city journey at that time in Nigeria. Now this is what the IMF and the clueless western media and their lovers in Nigeria are getting wrong. Salaries are higher in the West, but so is the cost of living. Therefore, it makes no sense to go to town with Africans that are living on less than a dollar a day, because it doesn`t tell the whole story Another point has to do with the question you are raising here. When you scream minimum wage, who and who are collecting what? These are answers that are not on goggle. The discrimination that comes with the minimum wage is not on goggle. You asked the right question. 31 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Gozzzy(m): 8:47pm On Feb 09, 2017 |
comparing Nigeria with South Africa, is like comparing sleep and sweetdreams with death and in hell fire!!! 3 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by BlackSeptember: 9:15pm On Feb 09, 2017 |
omenkaLives: 22 Likes 1 Share
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| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by leofab(f): 9:27pm On Feb 09, 2017 |
Stop comparison 1 Like 1 Share |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Nobody: 10:29pm On Feb 09, 2017 |
Who has seen that movie called mr bones ? Remember that saliva the king spat on bones face when he was seeking for a child ? That's the kind of spit that fits this sh!t hole called Nigeeria and Buari. 3 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by BlackSeptember: 12:33am On Feb 10, 2017 |
omenkaLives:Nonsense statement. Your hero is in a sick bed and has reduced your UBA bank balance to a token 180k and you ate here screaming Jonathan 20 Likes 2 Shares |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Donshegxy10(m): 1:26am On Feb 10, 2017 |
south Africa THE GIANT OF AFRICA, the USA of AFRICA.
I hope Nigeria will get there someday.
God bless NIGERIA. 2 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by ZombieKilla: 2:46am On Feb 10, 2017 |
Donshegxy10:God cannot bless Nigeria for voting Buhari ... This country is doomed... Her citizens will feel distraught and sad Food will be scarce and prices high The president is on vacation in London 9 Likes 1 Share
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| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by ZombieKilla: 2:50am On Feb 10, 2017 |
BlackSeptember: Don't value those who dwell in yesteryears They are a waste of space 8 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by seXytOhbAd(m): 7:37am On Feb 11, 2017 |
Lol, so strange. Later some people will open their mouth to shout we are giants. Okay oh. To the ignoramus up there quoting standard of living, so while the world progresses and move forward in health and tech, we should be managing our own because we have a lower cheaper standard of living abi? 7 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Zico5(m): 7:37am On Feb 11, 2017 |
Ok |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by tunde81o: 7:38am On Feb 11, 2017 |
Agadinho:mhm |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Nobody: 7:39am On Feb 11, 2017 |
That's almost five times more than Nigeria's. Big shame. 3 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by back2sender: 7:40am On Feb 11, 2017 |
WINNERMENTALITY:Because DON FORTUNATO BADLUCK Define what failure is. A calamity 2 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Lanre4uonly(m): 7:40am On Feb 11, 2017 |
It is well. |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by Swizdoe(m): 7:43am On Feb 11, 2017 |
How can 18k be 60$ when a dollar is #500... This peeps must be damn crazy for using the official rate 5 Likes |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by ifyalways(f): 7:43am On Feb 11, 2017 |
18,000 ngn is more like $18 |
| Re: While Nigeria’s Minimum Wage Stands At $60, South Africa Introduces $260 Minimum by jstriker442(m): 7:43am On Feb 11, 2017 |
PLEASE DO NOT READ, if you are not in target audience. This is for all the high flying money makers in the house. check my signature |
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