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Minimum Wage Increment Or Price Control - Nairaland / General - Nairaland

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Minimum Wage Increment Or Price Control by holafloyd(m): 7:09pm On Nov 06, 2018
So the FG has decided to listen and grant the demand of the NLC, good news there. But on the other hand one would be greatly concerned and disturbed as to why 18,000 naira or even the new 30,000 naira was not sufficient and is not going to be sufficient-only time will tell though. It is a well known fact that these same set of people who took salary increment as if it were a big deal are the same set of people who can't feed even their pets with 30 naira in a week. However let's look at it from this perspective;Shelter, Feeding, Electricity bill, welfare and in addition with the almost unbearable prices of kerosene, diesel and petrol which makes the backbone of the economy. Running a check on the expenditure of these things then one would agree with me that what we need most in the country of ours is price control. It would amaze you that very soon the government will make announcements on changes in prices of these things and there we go again minimum wage won't be sufficient any longer. Please check an tell me what you can buy with a #5 naira note. It is high time those in the helm of affairs start being rational and humane in their policies. We are humans and not animals and so we should be treated as such.
Re: Minimum Wage Increment Or Price Control by rottennaija(m): 8:08pm On Nov 06, 2018
holafloyd:
So the FG has decided to listen and grant the demand of the NLC, good news there. But on the other hand one would be greatly concerned and disturbed as to why 18,000 naira or even the new 30,000 naira was not sufficient and is not going to be sufficient-only time will tell though. It is a well known fact that these same set of people who took salary increment as if it were a big deal are the same set of people who can't feed even their pets with 30 naira in a week. However let's look at it from this perspective;Shelter, Feeding, Electricity bill, welfare and in addition with the almost unbearable prices of kerosene, diesel and petrol which makes the backbone of the economy. Running a check on the expenditure of these things then one would agree with me that what we need most in the country of ours is price control. It would amaze you that very soon the government will make announcements on changes in prices of these things and there we go again minimum wage won't be sufficient any longer. Please check an tell me what you can buy with a #5 naira note. It is high time those in the helm of affairs start being rational and humane in their policies. We are humans and not animals and so we should be treated as such.


Over the years, we have not been able to keep inflation under control. We consume without producing, we depend on imported items more than encouraging local production. Our infrastructures had been abondoned, Roads, schools, bridges, railway, power etc.

It will take a serious sustain effort for effect of any salary increment to be felt. First of all, to increment power supply to say 20000Mwatt will take years, to build refineries across the country may take the next 5 years, railways, roads etc.

At least for now, the increment will assist the low income earners.

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