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Nairaland Forum / Nairaland / General / Politics / SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown (19034 Views)
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Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Chatflick(m): 6:22pm On Feb 20, 2019 |
tomtos88:Read what you wrote please... I never said it is not possible. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by wirinet(m): 6:23pm On Feb 20, 2019 |
tomtos88: Sorry to say, but there is so much ignorance in this statement. It's impossible to explain the way things really works in a single thread. Companies are already groaning under multiple taxation by federal state and local government, that is apart from high production, self infrastructural, power, etc costs. If you add high taxes and then minimum wage of N100,000, you will finally kill all companies in new Nigeria. Governments give tax breaks and reductions to encourage companies, not tax increases. We are in a globalised we world, and you are competing with the whole world in terms of price and quality. Exporting marijuana will be difficult and tricky. First marijuana is illegal, legalising marijuana in a religious country like Nigeria where we even criminalise homosexualism would be near impossible. Canada is way ahead of every one else in the production and exportation of marijuana. They have highly technically advanced marijuana farming that produce the best possible marijuana. It's not the weed (pun intended) that we grow in Ondo. We just can't compete. It is easy to shout massive investments, the problem is finding the money, skills and legislation to actualise the massive investments within the terms of a single government (4years). |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by TotoNaRubber: 6:29pm On Feb 20, 2019 |
In Britain Law makers turn up at rallies with their IPADS and laptops while their counterparts in Nigeria turn up with broom stick ~~~~~~TotoNaRubber2019~~~~~ |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Olumyco(m): 6:29pm On Feb 20, 2019 |
idid: Sir its not about the volume its about the value. Do you know the cost of goods and services in South Africa? See that their 126, 000 Rand is like our 30, 000 naira. When you talk about money in economics there are many things to it. What gives money value is its purchasing power. That 100k living wage by Sowore will have economy effect. I would have preferred he makes it a gradual increment to that amount over a period of 6years. See the cost of things will increase in Nigeria if that amount is paid. Just imagine a gate man, gardener, sweeper etc collecting 100k, then it means teachers will get up to 300k as living wage and so on. See there will be too much money chasing fewer goods and services. Nigeria needs to grow to the point where our production rate of goods and services will be able to absorb that kind of money flow |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by wirinet(m): 6:31pm On Feb 20, 2019 |
tomtos88: False premises. They invest most of the increase salaries into other economies, like China, Germany or the US. They buy Chinese goods, iPhones, Samsung, Ralph Lauren, BMW, etc. It has been tried before and it did not lead to economic expansion. Gowon increased salary abruptly in 1974 ( Udoji Awards) and it kick-started our appetite for foreign goods. 1 Like |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by idid: 6:31pm On Feb 20, 2019 |
correctguy0900: Sir, I don't know what you are referring to as productivity, but I know that within two years. Any innovative and dynamic government can lift millions of people out of poverty with some creative socio-capitalist approach to governance. As Sowore says: As Sowore says, you can employ 200, 000 teachers in a year. You can assemble 4,000 megawatts of Solar in a year, they did 17 in two years in Morocco and Tunisia. You can build 20,000 homes in a year You can remove bad policies in a year You can fund 1000 entrepreneurs in every local government in a year You can turnaround the tourism of some states in a year You can finish the construction of 20 major high roads in a year.. You can give your people modern speed train in a year I didn't say two years, I mean in a year all the above can be done. If all of the above can be done in a year, you can create 3 million stable jobs or more. And that is the magic that Atiku and Buhari cannot do. 1 Like |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Newboss(m): 6:31pm On Feb 20, 2019 |
idid: Sowore is an ignorant person. That's his problem. Let me give it to you: Effective tax rate is currently at about 24%. If you raise taxes, companies will simply lay it off on her customers in form of price increase. That's basic economics even sowore (the "future" is ignorant of. External reserve CANNOT be multiplied by 5 (500% increase) within 4 years. This is not ponzi scheme. What does external reserve have to do with this? Here it's: If you give everyone times 5 their spending power overnight, importation WILL increase proportionately. Why? Prices of things WITHIN Nigeria will increase as the spending power of the Nigerian worker increases. So everything cancels out and comes back to as they were in terms of price to wage ratio. So importation will multiply proportionally. Leading to depletion of our reserves by the same factor. Leading to extremely massive trade deficit. Naira will be at at least 2k to the USD before that year ends. I can go on and on |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by TotoNaRubber: 6:32pm On Feb 20, 2019 |
In Britain Law makers turn up at rallies with their IPADS and laptops while their counterparts in Nigeria turn up with broom stick, bags of rice, onions and vegetable oil. ~~~~~~TotoNaRubber2019~~~~~ |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Olumyco(m): 6:34pm On Feb 20, 2019 |
Newboss: God bless you my brother. Many people are ignorant. I wish Sowore enters this Saturday but he needs a team of economist that will advice him better. Like you said the increment should be gradual. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by wirinet(m): 6:37pm On Feb 20, 2019 |
Newboss: My brother abeg leave them to their ignorance. You are just wasting your time trying to educate people economics 101. Let them live in their utopia. 1 Like |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Olumyco(m): 6:37pm On Feb 20, 2019 |
idid: Sir there are something we need to understand. See its not about how much the senators are collecting its about how cash flow from the masses will not cause inflation. Lets start by calculating the number of gate men, Gardeners, Sweepers etc in the country and then calculate the teachers and so on. Its better the increment is done gradually over a period of time |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by tomtos88(m): 6:39pm On Feb 20, 2019 |
wirinet: Stop saying wat u can't prove... With 100k, wat can u afford? Designer shoe? Do u actually think people survive on 30k monthly? They steal, they neglect their jobs, they become unproductive and not interested in their jobs, but with 100k, they can finaly stop worrying about how to survive decently and concentrating on their jobs... These civil servant are not kids that go for flashy things, they are more concerned to make a living... Na small pikin they chase after all those things u mentioning.. That's a fact. U can pay 14 million naira to senators bt it now becomes a crime to pay a fraction of that to ur workers? Haba, why this wickedness... And this is a gonna be a country with vision and direction, our import will be reduced drastically, even if we are gonna be consuming some foreign goods, we expect them to bring their factory here, transfer knowledge, employ people and also pay them well... Win win 2 Likes |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Nobody: 6:42pm On Feb 20, 2019 |
McStoic: Another personal attack. This time on the name of the person rather than carefully peruse the article. What is wrong with atiku supporters? Are y'all bunch of secondary school kids or just plain illiterates? |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by tomtos88(m): 6:47pm On Feb 20, 2019 |
wirinet: It will do u alot of good to read and understand before u comment next time, i did not say, increase tax, i said, collection of tax... Did u know, the rate of tax collection in Nigeria is around 7%, that can be increased to 15% simply by making sure big companies stop short changing the country in connivance with government workers... U used the word, automation. On marijuana, its about exporting it, not legalising it for consumption, as a matter of fact, Sowore campaign already has a legal frame work in place to start the process immediately he resume office... Nigeria burn marijuana worth 1.5 trillion yearly, polluting the environment where they burn it, putting the people in the community at health risk and hazard... Why don't we remove those obstacle and import it, we didn't said, legalize it that will make it available for everyone... This is gonna be a strictly control process, from farming to collection to export. This is wat we call, thinking outside the box... A win win |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by tomtos88(m): 6:49pm On Feb 20, 2019 |
Chatflick: Was asking u, why do u say we should wait for another 4 years of suffering? Wat happens to now? To have a good economy and lift people out of poverty, have to wait for wat? Do u even know if u will be alive in another 4 years? |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Olumyco(m): 6:50pm On Feb 20, 2019 |
tomtos88: This funny so the present workers earning 100k now how much will they be collecting when he wants to start paying people at the bottom of the ladder 100k? See Nigeria problem is electricity, security and refinery. If we fix electricity in this country the price of goods and services will come down. When that happens the value of money will increase. Fix security same will happen. Fix refinery same will happen. Price of oil will drop and before you know it 30, 000 naira will be like 100, 000 naira of the past. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by idid: 6:53pm On Feb 20, 2019 |
Olumyco: My brother, N100k ($280) is well deserved by our workers and you should not listen to anyone saying that it will cause inflation. Such argument will hold water when there are no growth policies to accompany it. As it is, Sowore has promised growth in tourism, healthcare, education and so on. Imagine if our citizens do not take the over billion naira per year abroad for medical tourism, that means that our nurses and doctors can be more productive. That is how production works. Imagine if we do not all rush to Europe and elsewhere for tourism and go to Obudu, Mambila, Argungu. We go an watch Eyo, Egungun and we all troop to Anambra or Enugu New Yam festival. Then we can boost our local leisure, tourism, travel and hospitality industries and attract more people from abroad. Imagine, if we can pay teachers well so that they don't go abroad in search of opportunities, that means that we can improve the employability of our youths. That is where production depends. You people get the concept of "Economic Production" wrong. It is not simply about buying, or purchasing as such. It is about the effect and the multipliers effect as well. It is also about how the community or a society can balance its supply and demand system, not necessarily through production of goods. In modern economics, you should be concerned about the availability and distribution of services. What are many Middle Eastern countries producing. What is Europe producing. Britain is only distributing services. When last I checked, Inflation was less than 0.30 percent. Britain's manufacturing sector is less than 4 percent of GDP. So to refer to your example, if a teacher collects 300,000 per month. It doesn't mean that because there are less goods produced in Nigeria, she will use all of her money to pay for her house rent. That is hyper inflation, and that is Mughabe's kind of careless economics. What I am saying is that, as long as you have a good healthcare, tourism, education, technology, logistics, and SME sector that is thriving. The economy will do just fine. All of that can be achieved in a short time too. You should ask how Sowore will improve tourism, technology and the SME sector. If he fumbles in those areas, we can then say that N100k minimum wage is wrong. For me, I case if he will turn Nigeria into a tech, SME and service hub of Africa. 2 Likes |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by taiyeayodeji: 6:54pm On Feb 20, 2019 |
I laugh,swore does not the implication of what he is said. minimum wage is not only decided by government,you put the private sector and the ordinary employer of labour into consideration.if you say the minimum wage should be 100k,can the ordinary business man who employs labour pay,can all the states pay.so it's not a single man consultations but all stake holders have to sit down and agree on an amount considering some things. ainas247: |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by JOMAX: 6:55pm On Feb 20, 2019 |
Sowore will lead Nigeria in 2023! God willing. The task of kicker NGO Buhari out is a task without compromise. That is the only reason why majority of the opposition are voting Atiku now. 2023 will be a game changer. Hopefully oil would have lost its value significantly by then so the masses will think better and money politics will take back seats. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by JOMAX: 6:56pm On Feb 20, 2019 |
Sowore will lead Nigeria in 2023! God willing. The task of kicking Buhari out is a task without compromise. That is the only reason why majority of the opposition are voting Atiku now. 2023 will be a game changer. Hopefully oil would have lost its value significantly by then so the masses will think better and money politics will take back seats. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by tomtos88(m): 6:58pm On Feb 20, 2019 |
Olumyco: Its quite obvious u wount admit being uninformed... Who says he wount provide electricity? Security? Fix refinery? He will produce electrify in a record time of 3 years from the 7k mega watt we have to 24k mega watt. Back to Minimum Wage, this wage isn't to increase everyone's wage, sure, someone who is on 100k will get increase, but the gap will be close greatly. The idea is not to increase wages of those already earning above that amount, but to structure it to be more closely, starting from 100k, some wount be getting a raise at all. So, after u have electrify, and u collecting 30k, wat can u do with 30 K? That's for u to live on 1k daily, where will u get money to pay rent? Taxes? If u have wife? Children? Wat about ur own health? Wount u like to be ur own landlord someday? Our 100k is a living wage, that will enable u to live like a decent human being and still be able to afford the basics of life. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by JOMAX: 7:01pm On Feb 20, 2019 |
5thElement:Sowore will lead Nigeria in 2023! God willing. The task of kicking Buhari out is a task without compromise. That is the only reason why majority of the opposition are voting Atiku now. 2023 will be a game changer. Hopefully oil would have lost its value significantly by then so the masses will think better and money politics will take back seats. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by wman(m): 7:03pm On Feb 20, 2019 |
idid and Tomtos88 no sabi economics at all. Dem no even sabi argue well. Two of you were busy throwing subtle insults at Chatflick, wirinet, Newboss, correctguy0900, Olumyco and others. You didn't read and understand their arguements well and you were throwing little jabs at them. They never insulted you in any way. Stop insulting their intelligence and their comprehension skills. You won't do Sowore any good by arguing blindly and unintelligently. My vote is for Sowore but the N100k minimum wage is total crap and bullsh.it. Nigeria is not ready for that. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by idid: 7:08pm On Feb 20, 2019 |
Newboss: Sir, I sense an attempt to discredit Sowore. Tax collection is not 24% currently, I just did a fact check and it is 6% and the poorest in Africa. So, Sowore is right afterall. Look at this financial report link below.. https://guardian.ng/business-services/nigerias-tax-gdp-ratio-remains-one-of-the-poorest-in-africa/ You have also confused increasing collection with tax increment. He has not proposed increasing taxes at all, but to improve collection to an effective rate of 17 to 20 percent. Even if we achieve 12 percent, that money can take our people out of poverty. And no sir if you give more purchasing power to people by increase your minimum wage.. and at the same time increase the quality of your local tourism, education and healthcare. The middle class will start patronizing the local tourism industry, people will go to Obudu cattle ranch and so on.. ..they will not look for healthcare abroad and will not send their kids to school in Togo, Ghana or London. That is how to eliminate poverty and that is modern economics.. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Dbboy(m): 7:09pm On Feb 20, 2019 |
WE SAY NO TO SOCIALISM WE CAN CLEARLY SEE HOW IT IS TURNING OUT IN VENEZUELA. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by tomtos88(m): 7:11pm On Feb 20, 2019 |
wman: Please, point out where i insult someone o. How can i write something and u termed it something else, isn't that person having comprehension issue or just intentionally ignoring my post? I doubt u are for sowore, if u are, u wount even doubt the 100k,. One of the first thing u will learn from sowore is, government intentionally put people in mental slavery by misleading them, they will tell u things like, Nigeria is complex, we don't have money for this or that. Provide electrify, roads and good working condition, security, jobs for Nigerians and see how it will become like magic that u are performing 1 Like |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by idid: 7:12pm On Feb 20, 2019 |
Dbboy: Do you call that Socialism? when you can't diversify.... and you have no respect for the US who buys most of your single product. Oil! ... that is Stupidism... And if not socialism, please propose what will solve Nigeria's poverty problem? Capitalism? Is Europe and the US not Socialist? What do you think they are? |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Ykol(m): 7:12pm On Feb 20, 2019 |
Luciferchrist66:not me and you for 30k bro |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by babatee90(m): 7:15pm On Feb 20, 2019 |
Luciferchrist66:now I can see why sufferness runs in your blood |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by idid: 7:17pm On Feb 20, 2019 |
wman: What do you stand for? And what is Nigeria ready for? Continuous suffering? Why won't we be tough on you, when you people are talking 1970 economics as if it is what will solve a 21st century problem. We don't need socialism, we don't need N100k, we don't need this, we are not ready that. Do you want this continuous abysmal life? If you don't want a New Nigeria, many people are waiting for it and the revolution is here.. |
Re: SOWORE 2019: Implication Of N100,000 Minimum Wage For Workers By Lai Brown by Ykol(m): 7:18pm On Feb 20, 2019 |
Lovetoglory:pls you're wrong ILO all those countries salary scale 100k never to much oooo |
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