Old Minimum Wage Is Same As The New. - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Old Minimum Wage Is Same As The New. (1292 Views)
| Old Minimum Wage Is Same As The New. by toluxa1(op): 9:46pm On Apr 29, 2019 |
The new minimum wage and the old minimum wage seems to be the same thing. I wondered whether we have a labour Union in this country. Price of fuel was 87 naira and minimum wage was 18,000 naira. 18,000÷87=206.8965517 litres ( meaning the minimum wage can only buy 207 litres of fuel) 30,000÷145= 206.8965517 litres (meaning the minimum wage can only buy 207 litres of fuel), exactly the same amount even to the last decimal point. My question: Is this coincidental or deliberate? lalasticlala, mynd44, dominique |
| Re: Old Minimum Wage Is Same As The New. by t33why: 9:57pm On Apr 29, 2019 |
A lot of us don't know the difference between the Real wage and the NOMINAL wage. The ONLY problem Nigeria needs to solve is the Exchange rate, we get that right and the jigsaw is almost solved |
| Re: Old Minimum Wage Is Same As The New. by mustmust(m): 9:58pm On Apr 29, 2019 |
Omo see calculations .... you get time sha |
| Re: Old Minimum Wage Is Same As The New. by toluxa1(op): 10:18pm On Apr 29, 2019 |
t33why:Minimum Wage In Nigeria. 2010: N18,000 = $122 2019: N30,000 = $82 |
| Re: Old Minimum Wage Is Same As The New. by LibertyRep: 10:26pm On Apr 29, 2019 |
toluxa1:206.89655172 Even to the 8th decimal place! It couldn't have been a mere coincidence. 1 Like |
| Re: Old Minimum Wage Is Same As The New. by Shikini: 5:17am On Apr 30, 2019 |
OP, you're very correct. And let me add that the new wage is even worse when you factor in Exchange Rate: 2014: N18,000 = $122 2019: N30,000 = $82 |
| Re: Old Minimum Wage Is Same As The New. by sethtsadopp: 9:21am On Apr 30, 2019 |
Incredible! But how Lalasticlala |
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