₦airaland Forum

Nonsense

if security votes and all huge government officials allowances haven't caused inflation...then a minimum wage of 66,000 won't.

Ok

It's simple economics. It's only those who failed economics in secondary school that will argue otherwise. Besides, how many states can ADEQUATELY pay 22500K promptly every month?

What is needed is not increment in the minimum wage (which is not even a good thing on its own) but a strengthening of the economy invariably the value of the naira.

acenazt:
Let them Come to an understanding. Governments should help bring down prices of commodities and Labour people should agree on D 22.5k

Labour accepting N22,500 is a slap on labourers. Niger our next neighbours earn more than 30k

Gerrard59:
It's simple economics. It's only those who failed economics in secondary school that will argue otherwise. Besides, how many states can ADEQUATELY pay 22K promptly every month?

What is needed is not increment in the minimum wage (which is not even a good thing on its own) but a strengthening of the economy invariably the value of the naira.

Hehehe say another thing.

the groups are stupid. if there would be inflation let it be. FG must addressed the peanut Nigeria workers received with huge resources we have


inflation exist everywhere, so this shouldn't be an excuse not to address their increase salaries

Kewtt:
Hehehe olodo

Typical.

What do you not understand that the increment in wages without a corresponding increment in the quantity and value of production leads to inflation (too much money chasing few goods)? How has the economy changed that wages should be increased just because they should not because of an increment in value production or chronic labour shortage?

Or, could it be that you don't understand SIMPLE economics?

ManirBK:
http://saharareporters.com/2018/11/03/minimum-wage-above-n22500-will-lead-inflation-says-group

Faceless group

Sha Pay

Don't blame buhari, just blame your governors

All the people in the so call group will die in poverty IJN. How can somebody with his/her sense will said such, when there is no inflation when senators are collecting 13.5m naira in a month how come just common 30K once again those group members will die in poverty IJN

Ategberoson:
the groups are stupid. if there would be inflation let it be. FG must addressed the peanut Nigeria workers received with huge resources we have


inflation exist everywhere, so this shouldn't be an excuse not to address their increase salaries

Yes, inflation exists everywhere but in the most reasonable of forms.

If unfortunately, you don't understand the above, kindly ask Venezuelans and Zimbabweans.

But the wages of the political office holder wouldn't cause inflation

If the Lawmaker' and Ministers' salaries will be slashed to N22,500, no problem

Gerrard59:
Typical.

What do you not understand that the increment in wages without a corresponding increment in the quantity and value of production leads to inflation (too much money chasing few goods)? How has the economy changed that wages should be increased just because they should not because of an increment in value production or chronic labour shortage?

Or, could it be that you don't understand SIMPLE economics?

Adam Smith.. wehdone. Hyper inflation or galloping inflation is NOT our business. Minimum wage of 66k is non negotiable

YorubaEmir:
If the Lawmaker' and Ministers' salaries will be slashed to N22,500, no problem

Ooshey

What's wrong with you people? Did you not read where it stated "state governors?" Is Buhari a state governor?


Seems intelligence is dropping very fast in Nigeria.

Luminary1:
What is the meaning of this nonsense! It's has now gotten to a point where it's anti-democratic for workers to demand for a pay raise above the meagre salary they collect that can't even feed them for a month let alone Cater for other needs, but patriotic and democratic when our so called leaders loot our present, siphon our future, gallivant around the world buying choice properties. it will never be well with the enemies of NIGERIA. Buhari made a ludicrous attempt to run for second term.

It's finished!

Nigerians don't understand economics.
WE SHOULD HAVE NO MINIMUM WAGE. It should be left to employers

illiterates

Thank God someone has finally addressed it. Increasing minimum wage in turn, increases inflation and you are back to square one. Is it that hard to figure The naira will just become like the Zimbabwean dollar. You earn N100, 000 and buy a loaf of bread for N5,000.

But Govs security votes runing into billions and legislators pay runing into several millions haven"t caused inflation, Just 22,500 salary to poor workers, (about 850naira/pay) will now cause inflation. Nonsense!!!

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are these people serious at all,what is 22k to someone working day and night..
if it's money to fight opposition they will have,if it's the one for party they will have but when it's gets to the masses turn they turn a deaf ear.

God deliver us.

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Kewtt:
Adam Smith.. wehdone. Hyper inflation or galloping inflation is NOT our business.. Minimum wage of 66k is non negotiable

Euphemism for "I failed high school economics".

It will indeed lead to inflation because workers now have a high purchasing power which will in turn make producers, wholesalers and retailers to increase the prices of goods as a result of this increase in income. This is an adjustment to the new income.

Ategberoson:
the groups are stupid. if there would be inflation let it be. FG must addressed the peanut Nigeria workers received with huge resources we have


inflation exist everywhere, so this shouldn't be an excuse not to address their increase salaries

Blood of obara!! The 30k will become valueless!! Bruh do you read/research at all. 30k from the 1980's compared to now !! That is not even comparable.

That's a concern for the rich not you.

Collect your 30k

Its a lie let try 30k n see.

jargons, they should slash the pay of public office holders and increase that of civil servant then.
inflation will not be a problem if were a producing nation, we are saying this because we can't produce anything here.