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Local => Nigerian Languages => Topic started by: Maxwell99 on February 26, 2024, 06:22:09 PM
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Minimum wage isn't the way to alleviate poverty right now in Nigeria, doing that only is the same thing as going round in circles because it's not going to make any significant change. The cost of things must be reduced before thinking about increasing the minimum wage. Right now in Nigeria what an average household spends in a week is more than that wage they are increasing it to, the inflation is the main thing that should be tackled
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Minimum wage isn't the way to alleviate poverty right now in Nigeria, doing that only is the same thing as going round in circles because it's not going to make any significant change. The cost of things must be reduced before thinking about increasing the minimum wage. Right now in Nigeria what an average household spends in a week is more than that wage they are increasing it to, the inflation is the main thing that should be tackled
According to the statement released by the NLC chairman he claimed that the president had betrayed them - he said the federal government agreed on their demand and increased the minimum wage of government workers but then made the situation of the whole country even more difficult for them and the effect of the increased salary cannot even be felt due to the increased inflation in the country.
There are so many things that need to be worked on first before increasing the salary of workers because if they just do it I’ll will just be like them watery a dead plant and expecting the most bountiful harvest from it.
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Minimum wage isn't the way to alleviate poverty right now in Nigeria, doing that only is the same thing as going round in circles because it's not going to make any significant change. The cost of things must be reduced before thinking about increasing the minimum wage. Right now in Nigeria what an average household spends in a week is more than that wage they are increasing it to, the inflation is the main thing that should be tackled
According to the statement released by the NLC chairman he claimed that the president had betrayed them - he said the federal government agreed on their demand and increased the minimum wage of government workers but then made the situation of the whole country even more difficult for them and the effect of the increased salary cannot even be felt due to the increased inflation in the country.
There are so many things that need to be worked on first before increasing the salary of workers because if they just do it I’ll will just be like them watery a dead plant and expecting the most bountiful harvest from it.
I don't know but I think I have answered something like this before either here or the other forum. you see my brother this whole matter is like medicine after deaths because if the government has refused to tackle inflation and went ahead increasing minimum wage it's like pouring sugar on the ground and expect no ant to come perch on it.. usually before doing that there should be modalities to bring down the inflation to suit with the salary they are paying across the country. There should be a regulatory body to monitor price of goods and commodities and let there be an equilibrium of price.
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This increase in minimum , to me has more disadvantage than advantage. The Employers of several business setups facing higher wages might end up reducing workers because the money is too much for them, which will lead to people loosing their jobs Businesses could also pass these costs to consumers thereby causing inflation in the cost of goods and servivmces. However, a higher minimum wage can also improve living standards and reduce poverty as workers earn more. Striking a balance is crucial setting a wage that supports workers without burdening businesses or harming the economy will be key for Nigeria's growth.
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Minimum wage increase or decrease I think that might not even help our country. However it might have immediate help but can't keep up with the beautiful future. That means it will leave nija in more hell in time.
Our naira go survive at all?
Look this queries
Is it easy to make 50,000 dollars monthly for develop countries?
I think you Sabi the answer?
That means minimum wage increase is not the problem.
Industrialization is the way forward to renforcement of our economy.
good governance and good followership don die for we 9ja. That will cure our naira. And these issues of minimum wage go disappear.
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This issue of minimum wage got me thinking so much that I began to wonder if the government really mean well for her citizens or what? First thing first, the economy of the nation is on a free fall that it needs intervention. Addressing the economy should be the utmost priority of the government because even after implementing the minimum wage and the economy is still getting worse, then it is of no value implementing the minimum wage because the situation would get worse than it was which is currently happening.
Currently, it is as if it doubled times two to having a down tone on the masses which the minimum wage itself can not be able to sustain the average worker. The NLC itself made a big mistake accepting to sign such agreement with the federal government knowing fully well how they could be most times. Now it seems as if they heard about the minimum wage and have decided to double the cost of living that the minimum wage would be of no value.
Necessary economic policy should be implemented and agencies for food price control should be ordered to carrying out their task and be void of corrupt practices. Only then would the economy and price of food stuffs be okay and affordable.
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First thing first, the economy of the nation is on a free fall that it needs intervention. Addressing the economy should be the utmost priority of the government because even after implementing the minimum wage and the economy is still getting worse, then it is of no value implementing the minimum wage because the situation would get worse than it was which is currently happening.
A presidential aspirant that told the country “I will win” instead of giving speech about the things he intends to do when he gets to power - what do would you expect from him? It’s already obvious that the president doesn’t have the nation in mind all he cares for is his own not the people of the country.
That minimum wage that was increased was as a result of the threat of workers shutting down all their activities which would have led to a massive increase in hunger - that was the reason the government decided to increase it.
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First thing first, the economy of the nation is on a free fall that it needs intervention. Addressing the economy should be the utmost priority of the government because even after implementing the minimum wage and the economy is still getting worse, then it is of no value implementing the minimum wage because the situation would get worse than it was which is currently happening.
A presidential aspirant that told the country “I will win” instead of giving speech about the things he intends to do when he gets to power - what do would you expect from him? It’s already obvious that the president doesn’t have the nation in mind all he cares for is his own not the people of the country.
That minimum wage that was increased was as a result of the threat of workers shutting down all their activities which would have led to a massive increase in hunger - that was the reason the government decided to increase it.
Exactly because he knows that the matter what he will find him way to the throne with money and he did it. And the problem we have in the country is the judiciary in election matter dem. And as for me, the citizens would have been the best option to reset the country to the normal way as it was before but the stupid police e no dey allowed the citizens to do the real protest in the country. But I still know that one day haphazard way the police need go happened.
That minimum wage of 70k na scam and NLC dey complain say na deceived president take deceived them accept the 70k. And the agreement was if NLC accept di 70k, fuel price go come down and prices of food and services sef go come down but irony nai be the talk of the day now. Mr president said in China that him go take another hard decision to make things go up to develop di country. Now how can you develop your own country when your citizens dey cry for hungry. Him no dey think? Na bloody revolution go stop all these nonsense.
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First thing first, the economy of the nation is on a free fall that it needs intervention. Addressing the economy should be the utmost priority of the government because even after implementing the minimum wage and the economy is still getting worse, then it is of no value implementing the minimum wage because the situation would get worse than it was which is currently happening.
A presidential aspirant that told the country “I will win” instead of giving speech about the things he intends to do when he gets to power - what do would you expect from him? It’s already obvious that the president doesn’t have the nation in mind all he cares for is his own not the people of the country.
That minimum wage that was increased was as a result of the threat of workers shutting down all their activities which would have led to a massive increase in hunger - that was the reason the government decided to increase it.
The minimum wage was a scam, the government never had it to making sure the economy was stable. After the approval of the minimum wage, they increased fuel price and the market went haywire till this very moment fuel price is still on the high side increasing every day. The current government does not mean well for the nation otherwise there are some decisions worth taking to cushion the effect of the hardship and it takes only bold and committed leadership to doing do. Billions of naira was spent on renovating aso villa what for? the national house are just there as rubber stamp members dancing to the tone of their paymaster. As it stands now the minimum wage is of no effect because a bag of rice now is above the minimum wage tag so would you say that is okay.
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Do you think these concerns will bring benefits of the minimum wage?
Employers of labour that cannot pay their employees are not forced to pay them the minimum wage at that time at which it’s implemented. The government is the regulating body but when they make things hard for this private sectors employer of labour to afford to pay their workers fees, they can’t question them or halt their businesses. It’s a clear and proven fact that an increased minimum wage can lead to job loss, but in a system that not every tier of government obeys the minimum wage, there’s nothing they can do to the private sectors when they follow orders. You can’t be a victim of what you’re trying to stop.
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Minimum wage isn't the way to alleviate poverty right now in Nigeria, doing that only is the same thing as going round in circles because it's not going to make any significant change. The cost of things must be reduced before thinking about increasing the minimum wage. Right now in Nigeria what an average household spends in a week is more than that wage they are increasing it to, the inflation is the main thing that should be tackled
According to the statement released by the NLC chairman he claimed that the president had betrayed them - he said the federal government agreed on their demand and increased the minimum wage of government workers but then made the situation of the whole country even more difficult for them and the effect of the increased salary cannot even be felt due to the increased inflation in the country.
There are so many things that need to be worked on first before increasing the salary of workers because if they just do it I’ll will just be like them watery a dead plant and expecting the most bountiful harvest from it.
I don't know but I think I have answered something like this before either here or the other forum. you see my brother this whole matter is like medicine after deaths because if the government has refused to tackle inflation and went ahead increasing minimum wage it's like pouring sugar on the ground and expect no ant to come perch on it.. usually before doing that there should be modalities to bring down the inflation to suit with the salary they are paying across the country. There should be a regulatory body to monitor price of goods and commodities and let there be an equilibrium of price.
You are on point, increasing the minimum wage when the prices of goods are still on the high rise is absolutely ridiculous, if the minimum wage is finally increased to 70 thousand naira how much is a bag of rice or other things in the market right now? Looking at this critically you would see that the minimum wage has no value because things are extremely expensive, the average man can't provide for himself comfortably in this economy
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You are on point, increasing the minimum wage when the prices of goods are still on the high rise is absolutely ridiculous, if the minimum wage is finally increased to 70 thousand naira how much is a bag of rice or other things in the market right now? Looking at this critically you would see that the minimum wage has no value because things are extremely expensive, the average man can't provide for himself comfortably in this economy
Until someone is able to convince me fully, I will keep saying that there are three problems we are having in this country. The problems are NLC, NUJ, and our representative. These 3 things I just mentioned are not supposed to be a subject to the government, but it turns out that they are already a subject. I remembered vividly the day the NLC announced a minimum wage of N70K. I was very disappointed. At first, they requested for a living wage of around 200K(if am not mistaken), but ended up agreeing on a N70K wage. NLC were actually the ones with demands, but the government ended up giving them two options, and that was, to either accept N77K for five years with no option to review, or accept N70K for three years with an option to review the salary and make possible upgrades. I see those two options as a slap to the face of the NLC, as the NLC don't longer know how powerful they are. We all know how well our senators and house of rep member are paid. Why should the civil servants be different?.
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You are on point, increasing the minimum wage when the prices of goods are still on the high rise is absolutely ridiculous, if the minimum wage is finally increased to 70 thousand naira how much is a bag of rice or other things in the market right now? Looking at this critically you would see that the minimum wage has no value because things are extremely expensive, the average man can't provide for himself comfortably in this economy
If the Nigerian federal government refused to subsidies fuel for everyone, even if they increased the minimum wage above what was promised, nothing is going to change. It will only increase inflation and since the dollar as the reserve currency is now open market, it's expected to rise again and automatically the price of goods and service will increase.
If the Nigerian government can't properly monitor fuel subsidy and reverse back some policies, the price of things might come down because fuel price determines if things are going to be cheap or costly and that's the only thing that poor masses enjoy from the government, the rest benefit goes to the rich people who have money already.
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You are on point, increasing the minimum wage when the prices of goods are still on the high rise is absolutely ridiculous, if the minimum wage is finally increased to 70 thousand naira how much is a bag of rice or other things in the market right now? Looking at this critically you would see that the minimum wage has no value because things are extremely expensive, the average man can't provide for himself comfortably in this economy
If the Nigerian federal government refused to subsidies fuel for everyone, even if they increased the minimum wage above what was promised, nothing is going to change. It will only increase inflation and since the dollar as the reserve currency is now open market, it's expected to rise again and automatically the price of goods and service will increase.
If the Nigerian government can't properly monitor fuel subsidy and reverse back some policies, the price of things might come down because fuel price determines if things are going to be cheap or costly and that's the only thing that poor masses enjoy from the government, the rest benefit goes to the rich people who have money already.
Nigeria is on a reverse gear aimlessly without direction. The federal government blackmailed NLC to agreeing for ₦70k and addressing the economic issues but upon approval, the economy became worse to say. Currently a litre of fuel is #1350, transportation is on the high side, food items on the rise and every thing is virtually inflating. Is it that the government economic team has nothing to profer to this economic crises.
It is very disappointing that Nigeria cannot refine product but depends on foreign refinery for products when Nigeria is a commercial quantity producers. It is a shame that things has gone worse than we least expected it to. What a country.
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Nigeria is on a reverse gear aimlessly without direction. The federal government blackmailed NLC to agreeing for ₦70k and addressing the economic issues but upon approval, the economy became worse to say. Currently a litre of fuel is #1350, transportation is on the high side, food items on the rise and every thing is virtually inflating. Is it that the government economic team has nothing to profer to this economic crises.
It is very disappointing that Nigeria cannot refine product but depends on foreign refinery for products when Nigeria is a commercial quantity producers. It is a shame that things has gone worse than we least expected it to. What a country.
Very disappointed at NLC. I think the price of fuel at that time of new minimum wage agreement was about N800. And now, the price has increased to N1300-1400, depending on location. I keep saying it, NLC settled for less by allowing the federal government decide for them. They literally have no idea of the level of power that they have. They can decide to shut down the activities of the country, which will definitely force the government to grant their demands. This is why it is very important to have good heads, who are leaders of an association or organization.
As for the refinery, well, I think the government clearly knows the benefits of owning a refinery but choose not to do it. Instead, they are making boast of Dangote's private owned refinery. It's clearly a shame on their part. The current administration came in and decide to remove fuel subsidy, but we haven't even seen the advantage of doing that. They just take certain actions and decisions that will affect millions of people that lives in the country.
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Nigeria is on a reverse gear aimlessly without direction. The federal government blackmailed NLC to agreeing for ₦70k and addressing the economic issues but upon approval, the economy became worse to say. Currently a litre of fuel is #1350, transportation is on the high side, food items on the rise and every thing is virtually inflating. Is it that the government economic team has nothing to profer to this economic crises.
It is very disappointing that Nigeria cannot refine product but depends on foreign refinery for products when Nigeria is a commercial quantity producers. It is a shame that things has gone worse than we least expected it to. What a country.
Very disappointed at NLC. I think the price of fuel at that time of new minimum wage agreement was about N800. And now, the price has increased to N1300-1400, depending on location. I keep saying it, NLC settled for less by allowing the federal government decide for them. They literally have no idea of the level of power that they have. They can decide to shut down the activities of the country, which will definitely force the government to grant their demands. This is why it is very important to have good heads, who are leaders of an association or organization.
As for the refinery, well, I think the government clearly knows the benefits of owning a refinery but choose not to do it. Instead, they are making boast of Dangote's private owned refinery. It's clearly a shame on their part. The current administration came in and decide to remove fuel subsidy, but we haven't even seen the advantage of doing that. They just take certain actions and decisions that will affect millions of people that lives in the country.
The NLC failed to understand the calibers of people in the federal executive council alongside the president. These men are not human being and have no conscience, the wailing of the masses does not concern them and only what can shake them is a decisive resolution that would waken them up and the NLC was just cajoled by mere words to reach an agreement with them thinking that they would honor their own path of the agreement. NLC died long ago after Adams Oshiomhole left them and the current NLC leader can not do more than this he has done as there is an agreement binding them now.
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Minimum wage increase or decrease I think that might not even help our country. However it might have immediate help but can't keep up with the beautiful future. That means it will leave nija in more hell in time.
Our naira go survive at all?
Look this queries
Is it easy to make 50,000 dollars monthly for develop countries?
I think you Sabi the answer?
That means minimum wage increase is not the problem.
Industrialization is the way forward to renforcement of our economy.
good governance and good followership don die for we 9ja. That will cure our naira. And these issues of minimum wage go disappear.
Very correct, whether it is decreased or increased it would bring about no significant change in the country right now, I consider it to be a temporary solution, The Nigerian government always tries to come up with unhelpful solutions. If the price of fuel is still at one thousand naira per litre what would the average man do with seventy thousand naira a month when the cost of transportation is high and also the price of food items too that's sky rocketing on a daily basis. The president and leaders have no plans for the masses of this country, survival which was easy has become very difficult. Instead of trying to increase the minimum wage the inflation should be worked on and also jobs should be provided
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
When the economy can no longer sustainable favourable to worker, minimum wage is been introduced to causion the economic effect to workers, inflation is not only caused by high minimum wage, it is mainly triggered when nation consume morethan they produce, in the time we are in, it has become very impossible for nations to do without the minimum wage because both private and government workers can no longer afford the necessities, if the economy is in its right state, increasing the minimum wage would have been a long interval stuff, lets not forget that without the minimum wage, there would have been a problem for workers, is just that there is job deficit in Africa, the work force is nothing to right home about, I agree with you that additional minimum wage may cause more job loss because the sector may not be able to carter for the cost of a large workforce but in the developed world minimum is seen as a priority of the government and the private sector to upgrade the standard of living of their workers in other to adapt to the present days economic realities
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Minimum wage increase or decrease I think that might not even help our country. However it might have immediate help but can't keep up with the beautiful future. That means it will leave nija in more hell in time.
Our naira go survive at all?
Look this queries
Is it easy to make 50,000 dollars monthly for develop countries?
I think you Sabi the answer?
That means minimum wage increase is not the problem.
Industrialization is the way forward to renforcement of our economy.
good governance and good followership don die for we 9ja. That will cure our naira. And these issues of minimum wage go disappear.
Very correct, whether it is decreased or increased it would bring about no significant change in the country right now, I consider it to be a temporary solution, The Nigerian government always tries to come up with unhelpful solutions. If the price of fuel is still at one thousand naira per litre what would the average man do with seventy thousand naira a month when the cost of transportation is high and also the price of food items too that's sky rocketing on a daily basis. The president and leaders have no plans for the masses of this country, survival which was easy has become very difficult. Instead of trying to increase the minimum wage the inflation should be worked on and also jobs should be provided
I will agree with you that minimum wage is neither the problem of our country but rather to make sure the average workers be able to afford a meaningful life and still yet, the minimum wage is not enough for the average worker. If so what will you talk about the occurrence immediately after the approval of the minimum wage for the workers, the prices of goods and services skyrocket to the highest ever since the inception of democracy and this current government.
Sometimes I wonder what if we really have leaders in the country. A nation well endowed with natural resources in commercial quantity that should not be lacking anything basic amenities, job, financial freedom and everything you could think of that makes life comfortable. Yet there is still economic crisis in the land, and the economic council inaugurated by the president can not do anything about it. I was discussing with my friend the other day and he said this that Nigeria should be amongst the first 10 countries to be talked about in terms of a well to do economy but the opposite is the case as a result of the corrupt practices of our leaders. It is quite unfortunate we found ourselves in this condition at the moment.
All we just need now is industrialization and human capacity development, revival of all production sectors, establishment of factories which would create employment and lastly, the consumption of locally produced goods should be encouraged so as to stabilize the naira value removing the weight on excessive importation of goods and services. Exportation of our locally produced goods be encouraged to give a good boost to our economy and add value to our currency.
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This issue of minimum wage got me thinking so much that I began to wonder if the government really mean well for her citizens or what? First thing first, the economy of the nation is on a free fall that it needs intervention. Addressing the economy should be the utmost priority of the government because even after implementing the minimum wage and the economy is still getting worse, then it is of no value implementing the minimum wage because the situation would get worse than it was which is currently happening.
Currently, it is as if it doubled times two to having a down tone on the masses which the minimum wage itself can not be able to sustain the average worker. The NLC itself made a big mistake accepting to sign such agreement with the federal government knowing fully well how they could be most times. Now it seems as if they heard about the minimum wage and have decided to double the cost of living that the minimum wage would be of no value.
Necessary economic policy should be implemented and agencies for food price control should be ordered to carrying out their task and be void of corrupt practices. Only then would the economy and price of food stuffs be okay and affordable.
Good point, even if the minimum wage is doubled with the rate of inflation in the country it's as good as nothing, people that have cars don't drive as much because the price of petrol Is something else. How do you expect people to go to work everyday with the high level of transportation fare, even if the minimum wage is increased do you think they can keep paying such a high amount of transport everyday coupled with the fact that they also have other expenses to take care of. The Cost of living is extremely high and even if the minimum wage is tripled it might not even solve the recession and poverty in the country, the Nigerian government has failed it's people, the president obviously has no plan to make this country great. What is the next step take as Nigerians? Is leaving the country the only solution?
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This issue of minimum wage got me thinking so much that I began to wonder if the government really mean well for her citizens or what? First thing first, the economy of the nation is on a free fall that it needs intervention. Addressing the economy should be the utmost priority of the government because even after implementing the minimum wage and the economy is still getting worse, then it is of no value implementing the minimum wage because the situation would get worse than it was which is currently happening.
Currently, it is as if it doubled times two to having a down tone on the masses which the minimum wage itself can not be able to sustain the average worker. The NLC itself made a big mistake accepting to sign such agreement with the federal government knowing fully well how they could be most times. Now it seems as if they heard about the minimum wage and have decided to double the cost of living that the minimum wage would be of no value.
Necessary economic policy should be implemented and agencies for food price control should be ordered to carrying out their task and be void of corrupt practices. Only then would the economy and price of food stuffs be okay and affordable.
Good point, even if the minimum wage is doubled with the rate of inflation in the country it's as good as nothing, people that have cars don't drive as much because the price of petrol Is something else. How do you expect people to go to work everyday with the high level of transportation fare, even if the minimum wage is increased do you think they can keep paying such a high amount of transport everyday coupled with the fact that they also have other expenses to take care of. The Cost of living is extremely high and even if the minimum wage is tripled it might not even solve the recession and poverty in the country, the Nigerian government has failed it's people, the president obviously has no plan to make this country great. What is the next step take as Nigerians? Is leaving the country the only solution?
If every body decides to leave the country, who would then make it a better place? Nigeria needs us to make it a better place and it starts with us correcting the wrongs, calling the government to order, making sure everything is accounted for in the society. Till we stop singing the praises of politicians, they can never do well because the praise we sing for them makes them corrupt more thinking they are doing well by embezzling the more funds and resources.
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Minimum wage isn't the way to alleviate poverty right now in Nigeria, doing that only is the same thing as going round in circles because it's not going to make any significant change. The cost of things must be reduced before thinking about increasing the minimum wage. Right now in Nigeria what an average household spends in a week is more than that wage they are increasing it to, the inflation is the main thing that should be tackled
According to the statement released by the NLC chairman he claimed that the president had betrayed them - he said the federal government agreed on their demand and increased the minimum wage of government workers but then made the situation of the whole country even more difficult for them and the effect of the increased salary cannot even be felt due to the increased inflation in the country.
There are so many things that need to be worked on first before increasing the salary of workers because if they just do it I’ll will just be like them watery a dead plant and expecting the most bountiful harvest from it.
That's a good point, Nigeria has a lot of things that should be worked on and increasing the minimum wage right now isn't going to fix. If the inflation issue is not dealt with then it would be pointless for the minimum wage to be increased because people would not still be able to afford some certain things they need. The government don't have a plan for the citizens of this country relying on them is a big risk that anyone can ever take, the system of government has failed it's citizens.
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The government don't have a plan for the citizens of this country relying on them is a big risk that anyone can ever take, the system of government has failed it's citizens.
The thingg is that some people still haven’t realized that they are so many options and opportunities out there for them - they think that once they leave this job that pays mini wage they won’t get anyone again due to the duration that they have been working in that position.
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The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.
Many employees will prefer not to be paid the minimum wage than to lose their jobs because if they lose their jobs, there is no assurance that they will get another job outside anytime soon. Employers know this, and the wicked ones who have no intention to honor the new minimum wage will give the option to the employees to either agree to continue receiving the normal salary or lose their job. Of course we know the answer already.
What I think would be the situation at the end of the day is many people working and not receiving the minimum wage even though the government has passed it into law. Employers cannot afford to pay and employees cannot afford to lose their job.
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The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.
Many employees will prefer not to be paid the minimum wage than to lose their jobs because if they lose their jobs, there is no assurance that they will get another job outside anytime soon. Employers know this, and the wicked ones who have no intention to honor the new minimum wage will give the option to the employees to either agree to continue receiving the normal salary or lose their job. Of course we know the answer already.
What I think would be the situation at the end of the day is many people working and not receiving the minimum wage even though the government has passed it into law. Employers cannot afford to pay and employees cannot afford to lose their job.
This shows the level of corruption and wickedness that has eaten up the system. When the new minimum wage was signed into law, it was expected of every government worker Including corpers as well, to receive because they all work for the government. I've heard of some cases of some state government who refused earlier to pay the new minimum wage, meanwhile they are receiving a living wage.
Like I will keep saying, NLC is to be blame for the mess that the country has gotten into. The price of petrol has jokingly entered 1200-1300(depending on where you live), but the NLC just keep pretending as if they don't live in the country. They literally don't know the power they have in making decisions for the country.
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You are on point, increasing the minimum wage when the prices of goods are still on the high rise is absolutely ridiculous, if the minimum wage is finally increased to 70 thousand naira how much is a bag of rice or other things in the market right now? Looking at this critically you would see that the minimum wage has no value because things are extremely expensive, the average man can't provide for himself comfortably in this economy
Any talks about minimum wage increase are just presented to convince public that they're getting more Naira now from government, and old age thinkers believe that's a good thing to have higher minimum wage but to be honest, minimum wage increase can't really solve the issues that come with higher prices of things.
The minimum wage increase can convince some people but when inflation is higher than it won't really have real impact on the economy. I believe a better remedy should be to control inflation rather than increasing minimum wage because when cost of things go down then even without increasing minimum wage one can afford those things easily.
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The government don't have a plan for the citizens of this country relying on them is a big risk that anyone can ever take, the system of government has failed it's citizens.
The thingg is that some people still haven’t realized that they are so many options and opportunities out there for them - they think that once they leave this job that pays mini wage they won’t get anyone again due to the duration that they have been working in that position.
Well, getting a job in Nigeria is difficult, and that is a fact, this is why who ever has one, will try as much as possible to maintain it, especially those who have no other means if livelihood, or any thing else to fall back to incase they either lose that job or quit from it.
But again on the other hand, many are also perishing due to lack of knowledge, now lack of knowledge of what they want, but lack of knowledge of how to get that which they want, but I won't blame them to be honest, because where ever a man finds himself that is good is by grace.
Aside being a salary earner, there are alot of things one can do to make money in Nigeria, but the majority of people do not know, while most are also scared of leaving their comfort zone to try new things.
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Aside being a salary earner, there are alot of things one can do to make money in Nigeria, but the majority of people do not know, while most are also scared of leaving their comfort zone to try new things.
The problems with most Nigerians is the lack of courage to trying out new things. They just have this phobia of failing, but forgetting that we can't get any result if we don't even make an attempt. Just as you've said, they are several ways to making money (especially via the internet that has become very common), but getting all these information requires something most times. We sometimes need to pay a price. A trader once told me that it's possible for someone to learn trading using YouTube or other means, but we can't compare them with those who paid a price(funds).
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The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.
Many employees will prefer not to be paid the minimum wage than to lose their jobs because if they lose their jobs, there is no assurance that they will get another job outside anytime soon. Employers know this, and the wicked ones who have no intention to honor the new minimum wage will give the option to the employees to either agree to continue receiving the normal salary or lose their job. Of course we know the answer already.
What I think would be the situation at the end of the day is many people working and not receiving the minimum wage even though the government has passed it into law. Employers cannot afford to pay and employees cannot afford to lose their job.
Concerning this, is there no law that punishes those that fails to pay their workers up to the minimum wage? What you said is true, some might not want to honor this new law and because of the fear of being stranded most of the workers in the company will still stay, I think the government so set up an agency that run a check across all companies that is fit enough to pay the minimum wage and let that start paying their workers that and if they decide to pay more than that it shouldn’t be anyone’s business as long as the workers are not underpaid.
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The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.
Many employees will prefer not to be paid the minimum wage than to lose their jobs because if they lose their jobs, there is no assurance that they will get another job outside anytime soon. Employers know this, and the wicked ones who have no intention to honor the new minimum wage will give the option to the employees to either agree to continue receiving the normal salary or lose their job. Of course we know the answer already.
What I think would be the situation at the end of the day is many people working and not receiving the minimum wage even though the government has passed it into law. Employers cannot afford to pay and employees cannot afford to lose their job.
Concerning this, is there no law that punishes those that fails to pay their workers up to the minimum wage? What you said is true, some might not want to honor this new law and because of the fear of being stranded most of the workers in the company will still stay, I think the government so set up an agency that run a check across all companies that is fit enough to pay the minimum wage and let that start paying their workers that and if they decide to pay more than that it shouldn’t be anyone’s business as long as the workers are not underpaid.
In the first place looking at the situation of the country now do you think anybody would want to joke with their job irrespective of the fact that minimum wage saga is ongoing and the private sectors are yet to implement it does not guarantee that they would still give in to the pressure and if any worker seems difficult and hell bent on agitating against their employer, you know what would happen to them so nobody would want to make the mistake of losing their job. They would rather play cool with their employer than taking sides with the government because the government can not be trusted as they are yet to trust themselves in implementing the new minimum wage they promised.
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In the first place looking at the situation of the country now do you think anybody would want to joke with their job irrespective of the fact that minimum wage saga is ongoing and the private sectors are yet to implement it does not guarantee that they would still give in to the pressure and if any worker seems difficult and hell bent on agitating against their employer, you know what would happen to them so nobody would want to make the mistake of losing their job. They would rather play cool with their employer than taking sides with the government because the government can not be trusted as they are yet to trust themselves in implementing the new minimum wage they promised.
If the country had a good system or agency that monitors the implementation of this type of things those workers won’t have to worry about them losing their jobs because they’ll just send an anonymous email to those agency that their employer refused to obey the government.
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In the first place looking at the situation of the country now do you think anybody would want to joke with their job irrespective of the fact that minimum wage saga is ongoing and the private sectors are yet to implement it does not guarantee that they would still give in to the pressure and if any worker seems difficult and hell bent on agitating against their employer, you know what would happen to them so nobody would want to make the mistake of losing their job. They would rather play cool with their employer than taking sides with the government because the government can not be trusted as they are yet to trust themselves in implementing the new minimum wage they promised.
If the country had a good system or agency that monitors the implementation of this type of things those workers won’t have to worry about them losing their jobs because they’ll just send an anonymous email to those agency that their employer refused to obey the government.
The truth is that all these agencies are not dependent on their operations, they are biased in judgement and are always ready to dance to the tone of their paymasters little wonder you see them being inactive and not taking any action against most organisations found wanting because most of the organisations belongs to their pay masters and they would not be able to further prosecute them.
As it stands now nobody would want to risk their job for nothing not to talk of now that the economic situation of the country is kind of worse. They would prefer to be silent because people you going to complain to would be the one to betray you for the fact that you want to spoil business for them. These days everyone is just being careful with their activities.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
I no dey understand una for this naija shebi minimum wage now Dom turn to high wage again? How is minimum wage a high wage 70k as minimum wage and u say it is high who told u that, ok come to think of it do u know how much the senators, the commissioners and house of assembly members earn as salary what is there work do u know a government school teacher works harder than them yet we are here complaining that the minimum wage 70k is too much.
U even talk say some people go lose their jobs cause employers no go fit pay salary, let me remind u that this minimum wage is not for private workers oo na for government workers so how will people lose their job and why will the government not be able to pay a 70k salary.
But honestly speaking this minimum wage is not the solution to our problem, we need cost of goods and petrol to come down 70k can't even feed a family of 5 presently correct me if I'm wrong. Labour have played their part but it is still like chasing after shadow they are not hitting the nail to the wall in this country everything is just for fun. Temporal situations.
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In the first place looking at the situation of the country now do you think anybody would want to joke with their job irrespective of the fact that minimum wage saga is ongoing and the private sectors are yet to implement it does not guarantee that they would still give in to the pressure and if any worker seems difficult and hell bent on agitating against their employer, you know what would happen to them so nobody would want to make the mistake of losing their job. They would rather play cool with their employer than taking sides with the government because the government can not be trusted as they are yet to trust themselves in implementing the new minimum wage they promised.
If the country had a good system or agency that monitors the implementation of this type of things those workers won’t have to worry about them losing their jobs because they’ll just send an anonymous email to those agency that their employer refused to obey the government.
I think if they want to start looking into payment method in this country they should also consider making payments per time that would be better cause the private sectors are working their spirit, soul and body out for a little amount of payment so if they are to look into payments they should consider per time cause no private institution e,g, local private schools, sales girl and sales boy, bakeries and so many more would obey the government order to pay 70k not in this planet and like the poster have said if the government are really mean to implement this order many people will go home hungry many businesses will shut down and it's another poverty increase. So I think the per time method would be more preferable.
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So I think the per time method would be more preferable.
The only place I have seen them pay workers per time is only in lecture houses as for cooperate jobs they don’t same goes for private sector.
Business owners don’t really care about their workers to implement this - as long as they keep getting profit from their business and pay their workers something that will keep them working even though it is not up to the standard wage they don’t care what happens afterwards.
It’s going to take a very long time before we can see a change in how workers are paid - nowadays people no longer want to work under a company they want their own so that they’ll be able to do what they want without having to wait for the company to give them their chicken change as salary.
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Idela wages basically vary by operation.Maybe you fit tie am to median income or inflation,e dey different completely.
Crypto's volatility also makes it dey tricky for prinary income,but blockchain still fit create new economic ops.
Wetin you think abput this matter?
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In the first place looking at the situation of the country now do you think anybody would want to joke with their job irrespective of the fact that minimum wage saga is ongoing and the private sectors are yet to implement it does not guarantee that they would still give in to the pressure and if any worker seems difficult and hell bent on agitating against their employer, you know what would happen to them so nobody would want to make the mistake of losing their job. They would rather play cool with their employer than taking sides with the government because the government can not be trusted as they are yet to trust themselves in implementing the new minimum wage they promised.
If the country had a good system or agency that monitors the implementation of this type of things those workers won’t have to worry about them losing their jobs because they’ll just send an anonymous email to those agency that their employer refused to obey the government.
I think if they want to start looking into payment method in this country they should also consider making payments per time that would be better cause the private sectors are working their spirit, soul and body out for a little amount of payment so if they are to look into payments they should consider per time cause no private institution e,g, local private schools, sales girl and sales boy, bakeries and so many more would obey the government order to pay 70k not in this planet and like the poster have said if the government are really mean to implement this order many people will go home hungry many businesses will shut down and it's another poverty increase. So I think the per time method would be more preferable.
I do not think this country have gotten to the level of making salary payment per time. Most organizations are just dependent on contract for survival and in some cases were there are no contract for them they fold up not to talk of paying workers per time. Although the system is fast developing and would get to that level but for the now, they should just concentrate on monthly payment as that would be fine. Besides, the government who implements laws sometimes owe workers for months and can not pay and in some cases, they layoff workers with excuses, tell me how do you think they would agrees to paying per time to workers or implementing such laws at their own detriment.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Minimum wage in Nigeria cannot cause job loss but rather it will reduce the suffer Ness of the people, increase and improve standard of living both for the workers and the public at large, because when you look into the situation the betterment of the workers has an impact in the life of unemployed Nigeria and same goes to the marketers and business earner's. In this case if some organisations feels they can't pay and increase the Salary of there workers, should not give them the room to sack them but rather look for an alternative to reason with them otherwise they will also be at loss and it can lead to the downfall of there businesses or organisations. Because no one today will want to work for a personnel without enjoying the fruit of his labour. So also paying minimum wage can eradicate hunger and sufferness of the people in Nigeria, but first of all the Government should set a standard for the price of food stuffs and other importants needs of the people, because if not done whenever an increase is made on worker's Salary the marketers and business people also increase prices on there products and this cannot uplift the Country higher but rather will make things get worsen for the people of that Country.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Minimum wage in Nigeria cannot cause job loss but rather it will reduce the suffer Ness of the people, increase and improve standard of living both for the workers and the public at large, because when you look into the situation the betterment of the workers has an impact in the life of unemployed Nigeria and same goes to the marketers and business earner's. In this case if some organisations feels they can't pay and increase the Salary of there workers, should not give them the room to sack them but rather look for an alternative to reason with them otherwise they will also be at loss and it can lead to the downfall of there businesses or organisations. Because no one today will want to work for a personnel without enjoying the fruit of his labour. So also paying minimum wage can eradicate hunger and sufferness of the people in Nigeria, but first of all the Government should set a standard for the price of food stuffs and other importants needs of the people, because if not done whenever an increase is made on worker's Salary the marketers and business people also increase prices on there products and this cannot uplift the Country higher but rather will make things get worsen for the people of that Country.
In fact, an increase in the minimum wage can really be a rather constructive act in the interest of the general welfare of society because raising the wages in one way or another affects not only the positions of workers, but also society as a whole, the unemployed, and businesspersons. When workers are also empowered regarding their welfare, they will have better purchasing power, which can in the long run trigger other successes in the economy. But it is also imperative that we have to make sure that we raise the minimum pay rate and that there should be the regulation of price increase in basic commodities in order not be outdone by the rate of inflation. For welfare to be achieved for all the value chains of the society the government should intervene in the market prices of these basic needs and at the same time moderate the communication between workers and employers for continuos business operations.
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In the first place looking at the situation of the country now do you think anybody would want to joke with their job irrespective of the fact that minimum wage saga is ongoing and the private sectors are yet to implement it does not guarantee that they would still give in to the pressure and if any worker seems difficult and hell bent on agitating against their employer, you know what would happen to them so nobody would want to make the mistake of losing their job. They would rather play cool with their employer than taking sides with the government because the government can not be trusted as they are yet to trust themselves in implementing the new minimum wage they promised.
If the country had a good system or agency that monitors the implementation of this type of things those workers won’t have to worry about them losing their jobs because they’ll just send an anonymous email to those agency that their employer refused to obey the government.
I think if they want to start looking into payment method in this country they should also consider making payments per time that would be better cause the private sectors are working their spirit, soul and body out for a little amount of payment so if they are to look into payments they should consider per time cause no private institution e,g, local private schools, sales girl and sales boy, bakeries and so many more would obey the government order to pay 70k not in this planet and like the poster have said if the government are really mean to implement this order many people will go home hungry many businesses will shut down and it's another poverty increase. So I think the per time method would be more preferable.
I do not think this country have gotten to the level of making salary payment per time. Most organizations are just dependent on contract for survival and in some cases were there are no contract for them they fold up not to talk of paying workers per time. Although the system is fast developing and would get to that level but for the now, they should just concentrate on monthly payment as that would be fine. Besides, the government who implements laws sometimes owe workers for months and can not pay and in some cases, they layoff workers with excuses, tell me how do you think they would agrees to paying per time to workers or implementing such laws at their own detriment.
I believe in a world where most organizations use contracts as the main form of operation, it kind of makes sense why such a per-hour payment system will feel so far-fetched. With an inclination towards the prospect of receiving more either monthly than weekly we may end up realizing more stability for the workers. Still, this also points to the necessity of the enhancement from the governmental level in questions of timely payments for the employees at all, and for improving the situations with the workers’ trust and financial security in the future.
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I believe in a world where most organizations use contracts as the main form of operation, it kind of makes sense why such a per-hour payment system will feel so far-fetched. With an inclination towards the prospect of receiving more either monthly than weekly we may end up realizing more stability for the workers. Still, this also points to the necessity of the enhancement from the governmental level in questions of timely payments for the employees at all, and for improving the situations with the workers’ trust and financial security in the future.
I don’t know if I understood you correctly or not because from what I get from your post you’re trying to say that it’s not good for the hourly payment methods because most workers will get paid more than they usually receive which in turn would increase their stability.
Is that what you mean?
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I believe in a world where most organizations use contracts as the main form of operation, it kind of makes sense why such a per-hour payment system will feel so far-fetched. With an inclination towards the prospect of receiving more either monthly than weekly we may end up realizing more stability for the workers. Still, this also points to the necessity of the enhancement from the governmental level in questions of timely payments for the employees at all, and for improving the situations with the workers’ trust and financial security in the future.
I don’t know if I understood you correctly or not because from what I get from your post you’re trying to say that it’s not good for the hourly payment methods because most workers will get paid more than they usually receive which in turn would increase their stability.
Is that what you mean?
Indeed, get what hourly pay can actually be one of the means to offer much fairness to workers. Hence, the wages given are proportional to the time and energies they dispense which ultimately assists stabilize their economic position. It also pays them fairly and provides workers with a chance to earn more if they want to work flexible hours or more hours every day.
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I believe in a world where most organizations use contracts as the main form of operation, it kind of makes sense why such a per-hour payment system will feel so far-fetched. With an inclination towards the prospect of receiving more either monthly than weekly we may end up realizing more stability for the workers. Still, this also points to the necessity of the enhancement from the governmental level in questions of timely payments for the employees at all, and for improving the situations with the workers’ trust and financial security in the future.
I don’t know if I understood you correctly or not because from what I get from your post you’re trying to say that it’s not good for the hourly payment methods because most workers will get paid more than they usually receive which in turn would increase their stability.
Is that what you mean?
Indeed, get what hourly pay can actually be one of the means to offer much fairness to workers. Hence, the wages given are proportional to the time and energies they dispense which ultimately assists stabilize their economic position. It also pays them fairly and provides workers with a chance to earn more if they want to work flexible hours or more hours every day.
In more sobriety, it does justice to the hourly wage systems where workers are rewarded in proportional to the time they spend at work. It supports our wage determination policy we give wages based on productivity by promising those willing to work extra hours or flexible hour’s better opportunities. Similarly, it is possible to raise the economic security of workers since their wages depend only on the number of hours worked. Regarding minimum wages statistics in the US, the trend of sectors’ flexibility, and employees’ openness for working time related pay is presented through data based on average weekly hours worked by hourly paid workers which were found in the US Bureau of Labor Statistics.
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The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
There's no relationship between increasing the minimum wage of workers and loose of job's it's not true as there's no relation between the two, All over the world it's standard practice that over a give time interval the salary of workers be reviewed and check with with current economic realities on ground so as to balance equation because let say in a country like Nigeria where there's high inflation rate and your salary doesn't change over time you will find out that workers will be suffering and will not be able to meet up with the demands of their family basically due to high inflation which will affect everything in the market and if your salary is not increased then you will be doing more or less a charity work as you will not be able to meet up.
There's need for minimum wage to be reviewed regularly so worker's will not be too affected by the harsh economic situation that the country finds itself. Increase in minimum wage will not lead to any loose of jobs as any organization that sacks it's workers using minimum wage as an excuse should be sanctioned using the various labour laws in the land
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Do you think these concerns will bring benefits of the minimum wage?
Employers of labour that cannot pay their employees are not forced to pay them the minimum wage at that time at which it’s implemented. The government is the regulating body but when they make things hard for this private sectors employer of labour to afford to pay their workers fees, they can’t question them or halt their businesses. It’s a clear and proven fact that an increased minimum wage can lead to job loss, but in a system that not every tier of government obeys the minimum wage, there’s nothing they can do to the private sectors when they follow orders. You can’t be a victim of what you’re trying to stop.
The private sector does not have any excuse to give concerning the minimum wage increments of their staff because if there's any sector of the Nigerian labor force that is not taking care of their staff in terms of salaries is the private sector, workers in the private sector are like slave as they are been overwhelmed with work load and pressure with little salaries to their workers so if the proposed minimum wage is approved the government should take it as a duty to make sure that all sectors implement it and pay their workers what is due to them, private sector should not use government as an excuse to to pay their workers the minimum wage
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The private sector does not have any excuse to give concerning the minimum wage increments of their staff because if there's any sector of the Nigerian labor force that is not taking care of their staff in terms of salaries is the private sector, workers in the private sector are like slave as they are been overwhelmed with work load and pressure with little salaries to their workers so if the proposed minimum wage is approved the government should take it as a duty to make sure that all sectors implement it and pay their workers what is due to them, private sector should not use government as an excuse to to pay their workers the minimum wage
I doubt if a private business owner will agree to this idea from your perspective. There are private owned establishment that pays penny, maybe due to the size of the establishment, while in other cases, as a result of greed or whatever. But we all know that when the head fails to do the right thing, then we shouldn't expect a perfect action from the others/followers. No doubt, there are some business owners that takes very good care of their workers, we can't dispute that fact, but I fill whatever payment every private owned company or organization or company, wants to pay should be determined by the company. Of course, top companies like Dangote and few others ought to pay a decent amount to some extent, but enforcing that minimum wage on every private sector doesn't sound positive.
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The private sector does not have any excuse to give concerning the minimum wage increments of their staff because if there's any sector of the Nigerian labor force that is not taking care of their staff in terms of salaries is the private sector, workers in the private sector are like slave as they are been overwhelmed with work load and pressure with little salaries to their workers so if the proposed minimum wage is approved the government should take it as a duty to make sure that all sectors implement it and pay their workers what is due to them, private sector should not use government as an excuse to to pay their workers the minimum wage
Your thesis is wrong. Did you know that aside from bribery and unsolicited payments that some public workers enjoy, they actually don't enjoy much freedom like those in the private sector? Of course this still is restricted to the particular sector you are talking about.
Now I totally disagree with you because the same economy that is bringing down minimum wage and affecting cost of living is the same economy that is also affecting the private sector. All private firms are set up solely for profit and as a result you don't expect them to over pay and eat into their budget. The issue is from the government and not the private sector.
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The private sector does not have any excuse to give concerning the minimum wage increments of their staff because if there's any sector of the Nigerian labor force that is not taking care of their staff in terms of salaries is the private sector, workers in the private sector are like slave as they are been overwhelmed with work load and pressure with little salaries to their workers so if the proposed minimum wage is approved the government should take it as a duty to make sure that all sectors implement it and pay their workers what is due to them, private sector should not use government as an excuse to to pay their workers the minimum wage
Your thesis is wrong. Did you know that aside from bribery and unsolicited payments that some public workers enjoy, they actually don't enjoy much freedom like those in the private sector? Of course this still is restricted to the particular sector you are talking about.
Now I totally disagree with you because the same economy that is bringing down minimum wage and affecting cost of living is the same economy that is also affecting the private sector. All private firms are set up solely for profit and as a result you don't expect them to over pay and eat into their budget. The issue is from the government and not the private sector.
Are you for real? Have you worked in a private sector before saying this? Private sector workers are used beyond their capacity, and they are victimized repeatedly because their salaries come from their employers and not from the government and these employers play god on their employees. The job description of private sector is most times not strictly followed, and employees are made to work more than they ever signed up for. These employees have little or no resistance to being enslaved since these colonial masters called their bosses can easily surcharge them, refuse to pay them for the month or at worst terminate their employment.
I have worked in private establishments thrice and I can tell you for sure, no work is as secure and comfortable as working for the government, especially if it is a federal government employment.
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Not from Nigeria but my two cents:
I am of the opinion that every country should have minimum wage regulation since this stops the abuse of workers, because in some countries, employers pay less to the workers, and workers often tend to not have any idea either what should be the ideal wage they should be getting.
You mention that employers might employ less people but the ones who work there will getting wages they deserve, which is big positive, and regarding prices — I can speak for myself, I would not want cheap prices on exploitation of somebody else.
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Not from Nigeria but my two cents:
I am of the opinion that every country should have minimum wage regulation since this stops the abuse of workers, because in some countries, employers pay less to the workers, and workers often tend to not have any idea either what should be the ideal wage they should be getting.
You mention that employers might employ less people but the ones who work there will getting wages they deserve, which is big positive, and regarding prices — I can speak for myself, I would not want cheap prices on exploitation of somebody else.
Regulations? In Nigeria? Please forget that chapter. There is no place where rule of law is abused like Nigeria. It's a bad representation but that's a fact. How many companies in Nigeria has been paying the the current minimum wage. Most of them pay half what the minimum wage is paying and labour congress can't do anything about it because some stats government aren't even paying their workers that amount.
Let's agreed that government passed a law and regulations that mandate all business and companies to be paying minimum wage, the country will enter hyper inflation because there is no price control uniformity in the country. The moment there is a uniform minimum wage, every item price will 500% and we will still come back to nothing, your wages will be useless.
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Are you for real? Have you worked in a private sector before saying this? Private sector workers are used beyond their capacity, and they are victimized repeatedly because their salaries come from their employers and not from the government and these employers play god on their employees. The job description of private sector is most times not strictly followed, and employees are made to work more than they ever signed up for. These employees have little or no resistance to being enslaved since these colonial masters called their bosses can easily surcharge them, refuse to pay them for the month or at worst terminate their employment.
I understand what you are trying to express. However the truth is the economy is too bad to expect much from the private sector. If you read carefully through what I wrote you notice that I specified it depends on the private sector you are talking about. For the record it is obvious that the educational sector is definitely underpaid especially in the aspect of the private sector.
However my point is the pay rates that we observe in the private sector is as a result of the effect of the government in the country. If the economy were to get better definitely the private sector would also be affected positively which you also bring about a better pay rate.
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I have worked in private establishments thrice and I can tell you for sure, no work is as secure and comfortable as working for the government, especially if it is a federal government employment.
I don't know though, as I've never worked for the government before and don't think I will ever.. the minimum wage wey all argue about, is not even up to the expense we send in a month. Those government workers just try their best to manage them self and still stay in those low pay government jobs due to how the economy is with unemployment.. some of them have other self employed business they are into.. for private jobs though. There are always forced to follow the rules set by their employer. And most of these guys over use their workers just to meet up their monthly target..
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All private firms are set up solely for profit and as a result you don't expect them to over pay and eat into their budget. The issue is from the government and not the private sector.
Your argument indicated that you are not from the economic field of study and probably you a science scholar. And from your post history you are a science scholar. Nigeria practices a capitalist economic system in which private business are more than the government firms. Though government has the highest labour in the state and when the minimum wage act is enacted, it is affect the private sector too as well. And when we talk about private sector we are not talking about the retail business but firms. Which operated by capitalists. And not government. And government is also looking at those businesses to enact it economic policies. Minimum wage is cut across all the sectors in the country.
And one thing you need to know is the SURPLUS LABOR AND NECESSARY LABOR. and also a term calls alienation. There is no time for me to explain these terms but you can check them up and relate them to labourers and their master. Private workers work more than government workers and yet the excess labour is not paid and that is where the surplus and necessary labour come in and the excess sale of the day is alienated from the workers. And that is why the minimum wage is foe the private workers too.
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Your argument indicated that you are not from the economic field of study and probably you a science scholar. And from your post history you are a science scholar. Nigeria practices a capitalist economic system in which private business are more than the government firms. Though government has the highest labour in the state and when the minimum wage act is enacted, it is affect the private sector too as well. And when we talk about private sector we are not talking about the retail business but firms. Which operated by capitalists. And not government. And government is also looking at those businesses to enact it economic policies. Minimum wage is cut across all the sectors in the country.
Well firstly I'll give you a +1 for analysing the concept of capitalism. Anyways I'm not a core Economist however I have a standard understanding of basic and logical economic problems and processes. You are not getting my point Mate2237. I'm not actually arguing I'm just stating facts that have obvious proofs too. Firstly the government sector in terms of labour is just as messy as the private sector. The fact is the private sector can't obviously meet up with the pay rate of the government however based on comparison on the basis of economic effects they are doing way better than the government sector.
Take a look at the educational sector for example where the government have over 6 months of over due salaries at times that are unpaid to public workers on what basis? The economy? Well I wouldn't agree because it's still the job of the government to fix the economy.
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I understand what you are trying to express. However the truth is the economy is too bad to expect much from the private sector. If you read carefully through what I wrote you notice that I specified it depends on the private sector you are talking about. For the record it is obvious that the educational sector is definitely underpaid especially in the aspect of the private sector.
However my point is the pay rates that we observe in the private sector is as a result of the effect of the government in the country. If the economy were to get better definitely the private sector would also be affected positively which you also bring about a better pay rate.
It's quite surprising to see that people wants more from the private sectors, when we all know that even the private sectors are still under the federal. The incompetence of the federal and it's consequences is affecting the private business owners as well, so Insisting that they pay minimum wage is clearly unrealistic. Assuming the economy is a little bit manageable to some extent, then it will be very easy to agree to such idea. But seeing the current inflation on ground, private business owners should not be disturb at all, besides, running a business these days comes with a lot of cost.
+1
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I no know why e be say na only Nigeria wey court I mean supreme court go give order and Nigerian government won't obey but make that same supreme court pass order for person wey no dey into government and him disobey and see the way the whole Nigerians go react both on social media platforms and every other places.
If not how supreme court go pass order say make them implement minimum wage for all workers and some states till now haven't carried out that order and nobody is hearing about it. This government no be democratic government again oo, no be government of the people, by the people and for the people again oo the people dey suffer no voice for the people no human right. Minimum wage is a right and shouldn't be something we should be pleading for.
If na person wey thief or person wey disobey law viral post everywhere, we self take hand dey support and hide the bad things wey our governmenst dey do.
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Do you think these concerns will bring benefits of the minimum wage?
Employers of labour that cannot pay their employees are not forced to pay them the minimum wage at that time at which it’s implemented. The government is the regulating body but when they make things hard for this private sectors employer of labour to afford to pay their workers fees, they can’t question them or halt their businesses. It’s a clear and proven fact that an increased minimum wage can lead to job loss, but in a system that not every tier of government obeys the minimum wage, there’s nothing they can do to the private sectors when they follow orders. You can’t be a victim of what you’re trying to stop.
The activity of certain Nigerian workers is dropping as a result of the high cost of living and the rise in petroleum prices. Even if the Nigerian government implements the new minimum wage, it will not benefit some Nigerians because the majority of individuals in some areas are not civil servants.
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The issue is from the government and not the private sector.
I will agree with your opinion here as it relates to the economic matters of the nation. The private sectors as we all know is a profit oriented sector and as such would do everything possible to make profit so that their organization would keep running. You will agree with me that the private sector helps to cushion the unemployment rate in the society compared to the government sector as it is rare to see the government put up vacancy in the government parastatals but after a long period of time compared to the private sector scattered everywhere looking for workers to fill up vacant positions in their various offices and departments. They pay tax to the government which adds up to the internally generated revenue which is being added to the budget for development but the reverse is always the case when it comes to the government affairs.
The government is so corrupt now that even the name smells corruption itself, various positions is being reserved for family and friends before they think of doing recruitment if at all they have in mind to do so. The government should be in charge of running the economy effectively but the reverse is the case as they are just there looking for what to take away from the system, making things difficult for the citizens of the nation. It would be very difficult to amend all these loopholes as the structure and system is already messed up and infiltrated by corrupt men in the helms of affairs in the nation.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Minimum wage is something good but the question we supposed to ask ourselves as a concern citizen of the country is what are the percentage of unemployment and that of employees if the percentage of unemployment is higher than that of employees minimum wages is just a disaster to the societies because the more government increases the minimum wages that's how things in commodity will be increasing continuously and you as a small scale business owners how do you think you are going to survive, without affecting your business and that of your well being as well
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Minimum wage is something good but the question we supposed to ask ourselves as a concern citizen of the country is what are the percentage of unemployment and that of employees if the percentage of unemployment is higher than that of employees minimum wages is just a disaster to the societies because the more government increases the minimum wages that's how things in commodity will be increasing continuously and you as a small scale business owners how do you think you are going to survive, without affecting your business and that of your well being as well
Linking minimum wages to economic stability has many sides, its effect on small businesses and people’s purchasing capacity is not the least. If the balance can be made, living wage as a policy will spur development without compromising the operations of business entities.
Regarding this we can turn to such strategies as improving operational excellence, nurturing local talents, or partnering with communities to help ventures stay afloat and provide for their workers. Thus, communities and businesses create and strengthen the foundation of the stability that will be satisfactory for each side.
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The private sector does not have any excuse to give concerning the minimum wage increments of their staff because if there's any sector of the Nigerian labor force that is not taking care of their staff in terms of salaries is the private sector, workers in the private sector are like slave as they are been overwhelmed with work load and pressure with little salaries to their workers so if the proposed minimum wage is approved the government should take it as a duty to make sure that all sectors implement it and pay their workers what is due to them, private sector should not use government as an excuse to to pay their workers the minimum wage
Your thesis is wrong. Did you know that aside from bribery and unsolicited payments that some public workers enjoy, they actually don't enjoy much freedom like those in the private sector? Of course this still is restricted to the particular sector you are talking about.
Now I totally disagree with you because the same economy that is bringing down minimum wage and affecting cost of living is the same economy that is also affecting the private sector. All private firms are set up solely for profit and as a result you don't expect them to over pay and eat into their budget. The issue is from the government and not the private sector.
Am not saying that all private firms don't take care of their workers very well but looking at the private sector well especially in the hospitality management sector their salaries are bad and since they are profit oriented organisation they too should have a minimum pay that they should offer there workers, yes is true that for the minimum wage to be effective it will start from the government because when the will power from the government is not there to enforce states governments from paying then allot of private establishment will not take it serious
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Am not saying that all private firms don't take care of their workers very well but looking at the private sector well especially in the hospitality management sector their salaries are bad.
Like I always say, pay rate is relative and based on economic standard, and some other important factors. Now to an extent you can also put in the concept of value and respect for such jobs. Now one very simple example that can be used to illustrate that is the difference in pay rate for say the educational sector in two countries or regions. Now for the economic part, inflation definitely affects pay rates because the more it's effect the more expensive things are and thus even if the pay may be huge in digits, it actually turns out very little in value.
The consequences of a poor economy or the benefits of a good economy is what will tell how fancy the pay rates of private sectors would turn out to be. Private sectors are hit harder by inflation more than the government is hence their management of funds matter a lot.
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I now understand the level of greed that our leaders are operating in, and our law makers have been so nonchalant on issues concerning orders that have been passed out if not how can a governor disrespect the orders the law have made on the implementation of the minimum wage.
It is just few states that have obeyed this order and I'm so pleased to see the rivers state government paying it's workers very well even exceeding the 75k they paid 85k.
The workers and the law makers should start arresting these governors I think they have been overlooked too much eating people's sweat by this others would pick correction. Why is corruption starting from the high places.
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I now understand the level of greed that our leaders are operating in, and our law makers have been so nonchalant on issues concerning orders that have been passed out if not how can a governor disrespect the orders the law have made on the implementation of the minimum wage.
It is just few states that have obeyed this order and I'm so pleased to see the rivers state government paying it's workers very well even exceeding the 75k they paid 85k.
The workers and the law makers should start arresting these governors I think they have been overlooked too much eating people's sweat by this others would pick correction. Why is corruption starting from the high places.
It is everybody’s duty to keep demanding accounting to the public and fairness in governance as well concerning workers. Where good policies exist as in the case of Rivers State, this is a step in the right direction. But as we have seen where other we have failed to compel our leaders and policy makers we all need to work hard to ensure that we are heard.
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Every jurisdiction in Nigeriana are just chasing after ones interests like this or the Nigerian Labour Congress of (NLC) who are agitating for increase of minimum wages Instead of stabilities of good economy as if the nation will go better once the review of being considered.
The federal government has already said it that further increase of the minimum wages will usher different economy phase whereby the price of goods and services will increase higher than it is today.
That means even the high minimum wages will be valueless to afford needs to be sustainable.
So I don't think i creasing of the minimum wages is a problem of this country but how prices of goods and services will be minimal for a common one to afford.
Now currently the cost of living is extremely high and not everyone as the civil servants so. How would that appeal to better the lives of everyone in the country?
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Every jurisdiction in Nigeriana are just chasing after ones interests like this or the Nigerian Labour Congress of (NLC) who are agitating for increase of minimum wages Instead of stabilities of good economy as if the nation will go better once the review of being considered.
The federal government has already said it that further increase of the minimum wages will usher different economy phase whereby the price of goods and services will increase higher than it is today.
That means even the high minimum wages will be valueless to afford needs to be sustainable.
So I don't think i creasing of the minimum wages is a problem of this country but how prices of goods and services will be minimal for a common one to afford.
Now currently the cost of living is extremely high and not everyone as the civil servants so. How would that appeal to better the lives of everyone in the country?
If you ask me I don’t see anything wrong with the demand of minimum wages, government just choose to increase the economic growth more difficult for us the citizen if not wetin concern minimum wages with our economy now. The government can provide and reduce the economic expenses but they just choose to adore themself and their families.
If you check some civil servants payment on other countries you will see that civil servants for this naija government no do better for them. Some civil servants they collect 2x wetin senior civil servants they collect for here and thier economy dey balance. so minimum Wages no be wetin go lead to our economic collapse, them just they find way not to pay this civil servants. Imagine junior staff they collect money pass our senior staffs for other country which kind wickedness be dat and na we get mineral resources pass and na for our country money go just dey lost like say na foul dey lost. Millions and trillions of naira go just dey lost even snake dey see swallow millions Ahbi na trillions sef, a lot of things just dey happen for this our country nawa oo.
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Minimum wage isn't the way to alleviate poverty right now in Nigeria, doing that only is the same thing as going round in circles because it's not going to make any significant change. The cost of things must be reduced before thinking about increasing the minimum wage. Right now in Nigeria what an average household spends in a week is more than that wage they are increasing it to, the inflation is the main thing that should be tackled
Indeed, workers' lives will not significantly improve as a result of the hardship brought on by the rise in goods and services like transportation and the large number of dependants in various households. Our problem should be how to make the economy work, which will undoubtedly lower the cost of living.
Rivers State, Nigeria, which is my home state, has begun to receive the new minimum wage, but things have remained unchanged because there is no value attached to the money as a result of how prices have skyrocketed. My argument is that if the minimum wage is to be meaningful to workers, efforts should be made to control the rising prices of goods.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
increasing of minimum wage doesn't affect inflation,the reason of this minimum wage is to meet up the inflation or economy crisis in the country.
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increasing of minimum wage doesn't affect inflation,the reason of this minimum wage is to meet up the inflation or economy crisis in the country.
+1 Karma you did hit the nail on the head
The thing is tripleing the minimum wage will have zero positive effect if inflation is still a tough problem or worse if inflation is still increasing by a steady rate. The government should focus more on tackling inflation rather than trying to raise minimum wage because what people complain about minimum wage is actually it's value and not necessarily the numbers.
No one will complain basically if the minimum wage meets all their needs without stress. Increasing minimum wage could make them print more notes which would in turn result in over circulation that will also cause inflation to increase too.
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increasing of minimum wage doesn't affect inflation,the reason of this minimum wage is to meet up the inflation or economy crisis in the country.
+1 Karma you did hit the nail on the head
The thing is tripleing the minimum wage will have zero positive effect if inflation is still a tough problem or worse if inflation is still increasing by a steady rate. The government should focus more on tackling inflation rather than trying to raise minimum wage because what people complain about minimum wage is actually it's value and not necessarily the numbers.
No one will complain basically if the minimum wage meets all their needs without stress. Increasing minimum wage could make them print more notes which would in turn result in over circulation that will also cause inflation to increase too.
Although workers in my state have begun to receive the new minimum wage, I can tell that their living standards have not improved much despite the initial joy that the pay increase brought. The market is not stable in terms of prices; they are rising nearly daily. It is so bad that it has caused the value of the Naira to decline.
I have always held the view that efforts should be directed toward stabilizing the economy, which will lower the cost of goods and services, rather than raising the minimum wage. This is more important than raising the minimum wage. Not much of the minimum wage remains after numerous deductions.
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I have always held the view that efforts should be directed toward stabilizing the economy, which will lower the cost of goods and services, rather than raising the minimum wage. This is more important than raising the minimum wage. Not much of the minimum wage remains after numerous deductions.
Yeah and that is basically the relative effect of value. You have 50 notes for example as minimum wage with say around 50 units of value for example and then the government ends up printing extra notes into circulation just to increase
minimum wage, what eventually happens is if minimum wage is increased by 100% which would make it 100 notes as minimum wage, what shifts is basically value.
Since inflation is still a problem those 100 notes will still pack a value of 50 units which simply means that the relative value per note now becomes 0.5 units per note as against the initial 1 unit per note.
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increasing of minimum wage doesn't affect inflation,the reason of this minimum wage is to meet up the inflation or economy crisis in the country.
+1 karma for you
You are making a point here, the minimum wage has nothing to do with inflation and it only helps to cushion the effects of the economic hardship on the workers supporting them to meet their needs as it is that prices of commodities and livelihood are on the high side. You can imagine you earning #100,000 monthly and it can not be able to cater to your needs not to talk of you paying transport to your work daily compared to when the economy was at an affordable state.
For this reason, labor union always kick for increases in the minimum wage so that workers can live a good life and be able to cater for themselves but we all know the country we come from as they always take advantage of every opportunity to do whatever they want to. Once it is told or said that the government increased the minimum wage, you would start seeing an increase in prices of goods and services at the detriment of the masses causing untold hardship in the country.
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The new minimum wage in the country is mostly to be for the government workers, the private workers might not have much pleasant pay as compared to those working in the government sector. This might lead to more inflation in the country, and the private workers will end up facing the result.
The minimum wage has nothing positive to help alleviate poverty in the country. IMO it is helping the government workers to be able to survive in a continuous inflating economy.
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The private sector does not have any excuse to give concerning the minimum wage increments of their staff because if there's any sector of the Nigerian labor force that is not taking care of their staff in terms of salaries is the private sector, workers in the private sector are like slave as they are been overwhelmed with work load and pressure with little salaries to their workers so if the proposed minimum wage is approved the government should take it as a duty to make sure that all sectors implement it and pay their workers what is due to them, private sector should not use government as an excuse to to pay their workers the minimum wage
Your thesis is wrong. Did you know that aside from bribery and unsolicited payments that some public workers enjoy, they actually don't enjoy much freedom like those in the private sector? Of course this still is restricted to the particular sector you are talking about.
Now I totally disagree with you because the same economy that is bringing down minimum wage and affecting cost of living is the same economy that is also affecting the private sector. All private firms are set up solely for profit and as a result you don't expect them to over pay and eat into their budget. The issue is from the government and not the private sector.
Am not saying that all private firms don't take care of their workers very well but looking at the private sector well especially in the hospitality management sector their salaries are bad and since they are profit oriented organisation they too should have a minimum pay that they should offer there workers, yes is true that for the minimum wage to be effective it will start from the government because when the will power from the government is not there to enforce states governments from paying then allot of private establishment will not take it serious
Private sectors are profit oriented institutions and as such, I don't see any reason why they should not implement the minimum wage, they should be able to implement it as it is that they make profit from their business they run.
Most times, these private firms want the government to lead by example before they implement anything because the government do not take things Seriously and the private sector knows this so they don't bother because the government is never serious and would not bother them.
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Most times, these private firms want the government to lead by example before they implement anything because the government do not take things Seriously and the private sector knows this so they don't bother because the government is never serious and would not bother them.
It has actually never been the fault of the private sector basically because the ills of the government isn't their fault rather it's totally on the government. One of the most odd irony of it all is that the decisions of the government affect the private sector the most more than even the public sector that is basically the reason why sometimes the government doesn't think these things true before implementing them.
If the private sector has to increase price for instance because of inflation, it's not directly their fault since fixing inflation should be the job of the government.
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Most times, these private firms want the government to lead by example before they implement anything because the government do not take things Seriously and the private sector knows this so they don't bother because the government is never serious and would not bother them.
It has actually never been the fault of the private sector basically because the ills of the government isn't their fault rather it's totally on the government. One of the most odd irony of it all is that the decisions of the government affect the private sector the most more than even the public sector that is basically the reason why sometimes the government doesn't think these things true before implementing them.
If the private sector has to increase price for instance because of inflation, it's not directly their fault since fixing inflation should be the job of the government.
Yep, government is responsible to fix the problem causing inflation in a country. When there's inflation, it affects everyone in the country both the private sector and the public sector, those that are working and jobless. The private sector is in business, and nobody will run a business that will make him run at loss.
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Government has failed in addressing the problem of inflation especially the agents that precipitates inflation because until government address the issue of inflation cost of living will still be high which is the main reason why labour is agitating for an increase in the minimum wage for workers because looking at the current economic situation of the country the salary workers receives in a month is no longer enough to meet the needs of the Nigerian workers due to the fact that the price of goods and services has skyrocketed in the market
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Most times, these private firms want the government to lead by example before they implement anything because the government do not take things Seriously and the private sector knows this so they don't bother because the government is never serious and would not bother them.
It has actually never been the fault of the private sector basically because the ills of the government isn't their fault rather it's totally on the government. One of the most odd irony of it all is that the decisions of the government affect the private sector the most more than even the public sector that is basically the reason why sometimes the government doesn't think these things true before implementing them.
If the private sector has to increase price for instance because of inflation, it's not directly their fault since fixing inflation should be the job of the government.
Yep, government is responsible to fix the problem causing inflation in a country. When there's inflation, it affects everyone in the country both the private sector and the public sector, those that are working and jobless. The private sector is in business, and nobody will run a business that will make him run at loss.
Obviously, it is not the fault of the private sector for the looming inflation in the economy and truly they can do nothing about it as it is the sole responsibility of the government to take care of but however, the private sector also have their own quota to contribute in the society which is not compulsory if they want to.
Initially, my point was not about the private sector being able to solve the economic situation of the country, but rather the ability to initiate the minimum wage as the case maybe. When the government who have agreed to implement the minimum wage are laggin behind, is it the private sector that is profit oriented that would be quick to jump into implementing the minimum wage? I believe the answer would be obviously no as they too would be watching at the government with the excuse of them being private firms and should be given time to implement since the government is finding it difficult to implement what they have signed into law.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
I havent actualy considered this until now.
I’ve always had the sole thoughtthat the minimum wage lies as an opportunity for the people and the government too as it brings the government an people closer to each other.
Now looking at the consequences you mentioned,i think it’s safe to say that whatever comes with an advantage follows with a disadvantage.job losses is also an important factor as the Nigerian government have always been known with late payment of wages of their workers and i hope this price increment doesnt get it worse at all for these workers.
Ngl,the price increment was a good idea however.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Sincerely speaking the increment or decrement of the minimum wage has nothing to contribute to the betterment of the life of citizens or even that of the country. Imagine being paid using the new minimum wage and at the end of it all the price of a bag of rice alone is eating up a person monthly salary. So from mine own perspective, the government should on their end, work on the betterment of the economy, and this can be done by reducing the rate on corruption and so on, and when this is done, the country becomes stable with the stability comes no inflation, moderate taxes, moderate transportation fare etc.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Well our concern shouldn't even be on whether the minimum wage was increased or not, because even if it was increased, it may not in most case cover for the expenses of individual and their household due to inflation, which is the persistent rise in the goods and services of a particular nation. So the government should first and foremost rebuild our economy with the decisions they make, and their actions, and when this is done the minimum wage increment or decrement wouldn't even be a problem anymore.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Well our concern shouldn't even be on whether the minimum wage was increased or not, because even if it was increased, it may not in most case cover for the expenses of individual and their household due to inflation, which is the persistent rise in the goods and services of a particular nation. So the government should first and foremost rebuild our economy with the decisions they make, and their actions, and when this is done the minimum wage increment or decrement wouldn't even be a problem anymore.
Well you are right. The economy is really broken, prices of commodity keeps increasing in the steady, and it is as if the government are not doing anything about it. They keep promising us of a better tomorrow and life, but there isn't any sight of that. If we look at the economy in the recent years based on the price of dollar, the new minimum age is not of any difference because the prices of things now is even more expensive than before.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Sincerely speaking the increment or decrement of the minimum wage has nothing to contribute to the betterment of the life of citizens or even that of the country. Imagine being paid using the new minimum wage and at the end of it all the price of a bag of rice alone is eating up a person monthly salary. So from mine own perspective, the government should on their end, work on the betterment of the economy, and this can be done by reducing the rate on corruption and so on, and when this is done, the country becomes stable with the stability comes no inflation, moderate taxes, moderate transportation fare etc.
A lot of people will argue this with you. It’s true that the increment won’t do any change in the society but still those receiving will tell you that it’s better than receiving the previous amount because with the new one they can add a few more things to their carts that what they’d have been able to get using the previous ones.
Haven’t you wondered why despite the situation of the economy some people still think the government is working? It’s because slight changes like this makes people who are benefiting directing from it think that the government has done a huge job but in reality it was just a measly increase.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Minimum wage in Nigeria is mostly followed up by government/civil servants of the country. Majority of Private organizations, institutions or businesses does not adhere to this minimum wage policy. I feel it will only lead to loss of jobs when the workers decide to leave their place of work, as a private worker. All government workers will receive the increased minimum wage, but for private workers, you just need to maintain with the existing price or request for increase in wage, not requesting for equal amount as the government workers receive.
Most private organizations offer higher wages than the government minimum wage, this all depends on where one finds him/herself for survival.
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Minimum wage! Who is talking about minimum wage whereas the goods/commodities in the market are on maximum prices. How many civil servants have received their so-called minimum wage? In a situation where there will be an increase in the minimum wage, some states will pay while some will not pay yet government is keeping quiet. Is it fair for the workers?
Oh! What a country, what a president, what a minimum wage.
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Minimum wage is nothing but a shit in Nigeria, why because people are still suffering and still not living a comfortable life because the minimum wages is too low to solve the situation of the people. But assuming the economic is balance enough i think that will be a relief for the people, talking about minimum wages in some other states who are still battling with there previous payments, because of non implementation of the minimum wage in there states, how are they managing there life. so the government needs to do something for the betterment of the country and the people.
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Minimum wage in Nigeria is mostly followed up by government/civil servants of the country. Majority of Private organizations, institutions or businesses does not adhere to this minimum wage policy. I feel it will only lead to loss of jobs when the workers decide to leave their place of work, as a private worker. All government workers will receive the increased minimum wage, but for private workers, you just need to maintain with the existing price or request for increase in wage, not requesting for equal amount as the government workers receive.
Most private organizations offer higher wages than the government minimum wage, this all depends on where one finds him/herself for survival.
It is only in Nigeria where the cost of living keeps increasing, and the minimum wage remains the same. Over the years, minimum wage has usually been implemented after a long showdown between the Labour Congress and the government. Then there are vibrant and incorruptible Labour Leaders who are ready to take the course, but these days, it is not as it used to be, as the majority of them are just after their pockets and do not give a damn thought about what happens.
The private institutions are primarily business-oriented and would not want to put themselves in a situation that would warrant them facing any difficult situation, hence them not giving in to minimum wages, and the government can not dictate for them what they should pay to their staff because they pay tax and by so doing they have the right to pay what they can afford to their workers as they are a profit organisation.
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Minimum wage in Nigeria is mostly followed up by government/civil servants of the country. Majority of Private organizations, institutions or businesses does not adhere to this minimum wage policy. I feel it will only lead to loss of jobs when the workers decide to leave their place of work, as a private worker. All government workers will receive the increased minimum wage, but for private workers, you just need to maintain with the existing price or request for increase in wage, not requesting for equal amount as the government workers receive.
Most private organizations offer higher wages than the government minimum wage, this all depends on where one finds him/herself for survival.
It is only in Nigeria where the cost of living keeps increasing, and the minimum wage remains the same. Over the years, minimum wage has usually been implemented after a long showdown between the Labour Congress and the government. Then there are vibrant and incorruptible Labour Leaders who are ready to take the course, but these days, it is not as it used to be, as the majority of them are just after their pockets and do not give a damn thought about what happens.
The private institutions are primarily business-oriented and would not want to put themselves in a situation that would warrant them facing any difficult situation, hence them not giving in to minimum wages, and the government can not dictate for them what they should pay to their staff because they pay tax and by so doing they have the right to pay what they can afford to their workers as they are a profit organisation.
Most NYSC corpers, were really happy when the the government implemented to your allowances the new minimum wage. They are not aware that they where just played. This i because they cannot even use the new minimum wage to achieve or do anything, coz the prices of things keeps increasing everyday, what you bought 5k today will turn 7k the following week, and so on it goes, like this I dey always fear go market, coz of how prices of things keep increasing, am tired coz our economy has gone to a place of no return,.
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Minimum wage in Nigeria is mostly followed up by government/civil servants of the country. Majority of Private organizations, institutions or businesses does not adhere to this minimum wage policy. I feel it will only lead to loss of jobs when the workers decide to leave their place of work, as a private worker. All government workers will receive the increased minimum wage, but for private workers, you just need to maintain with the existing price or request for increase in wage, not requesting for equal amount as the government workers receive.
Most private organizations offer higher wages than the government minimum wage, this all depends on where one finds him/herself for survival.
It is only in Nigeria where the cost of living keeps increasing, and the minimum wage remains the same. Over the years, minimum wage has usually been implemented after a long showdown between the Labour Congress and the government. Then there are vibrant and incorruptible Labour Leaders who are ready to take the course, but these days, it is not as it used to be, as the majority of them are just after their pockets and do not give a damn thought about what happens.
The private institutions are primarily business-oriented and would not want to put themselves in a situation that would warrant them facing any difficult situation, hence them not giving in to minimum wages, and the government can not dictate for them what they should pay to their staff because they pay tax and by so doing they have the right to pay what they can afford to their workers as they are a profit organisation.
Most NYSC corpers, were really happy when the the government implemented to your allowances the new minimum wage. They are not aware that they where just played. This i because they cannot even use the new minimum wage to achieve or do anything, coz the prices of things keeps increasing everyday, what you bought 5k today will turn 7k the following week, and so on it goes, like this I dey always fear go market, coz of how prices of things keep increasing, am tired coz our economy has gone to a place of no return,.
It is a good thing that the government has implemented the national minimum wage for the youth corpers but with the situation of things in the country, it's unfortunate that the newly implemented minimum wage can not be able to do anything as a result of the increase of the cost of living which have had a downtone on the economy of the nation and her citizens. Imagine a situation where you now spend almost 50% of your salary on transportation to work every month, what is left of your salary to survive on?
It is quite unfortunate that the minimum wage is still not enough to sustain a livelihood. If they had stood their ground, not allowing the government to reduce the proposed amount for the minimum wage, that would have been okay, but labour shifted ground and the government took advantage of it and pressed them to the least expected of them from the masses and that was how they lost that to settling for this peanut wage approved and implemented which holds no water.
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Most times, these private firms want the government to lead by example before they implement anything because the government do not take things Seriously and the private sector knows this so they don't bother because the government is never serious and would not bother them.
This is very true. You shouldn't expect the firms under the private sector to pay above what they can afford to pay all in the name of meeting up to the minimum wage. The private sector also suffers the illness of the system too and they are run for profit also.
Infact the kind of job and it's sector actually determines if the pay should be up to the minimum wage or not because a low budget private sector doesn't even have enough workforce to warrant a minimum wage.
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This is very true. You shouldn't expect the firms under the private sector to pay above what they can afford to pay all in the name of meeting up to the minimum wage. The private sector also suffers the illness of the system too and they are run for profit also.
Infact the kind of job and it's sector actually determines if the pay should be up to the minimum wage or not because a low budget private sector doesn't even have enough workforce to warrant a minimum wage.
You also have a great input to this but don’t forget that some private sectors make use of their workers much more than what they’re paying them as wages monthly. Some private sectors even when they can afford the minimum wage won’t want to do it because of their greediness.
They want the maximum input into their works but won’t listen to the hearings of their workers because they feel they don’t have a choice and there is no job outside for them. Those are what they leverage on and I don’t blame them but the failed system that hasn’t provided enough work for its citizens to enjoy from.
Those that can pay should be forced to pay while their that can’t should at least give them in equivalent to the effort they’ve putting in. With the rise in minimum wage, everything will begin to skyrocket and they’ll adjust to the current minimum wage payment of civil servants which is bad and market people are find wanting more with this kind of behavior.
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Infact the kind of job and it's sector actually determines if the pay should be up to the minimum wage or not because a low budget private sector doesn't even have enough workforce to warrant a minimum wage.
Yes, I fully agree with you, in private sector the wages are quite low and the workers who work at hose private sectors might get less than 1/3rd of minimum wage. The ones who join such sectors have no option as they have to earn bread and butter for their family.
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Minimum wage in Nigeria it can lead to job loss, as the employers can afford to pay workers high wages. It can lead businesses to move overseas, where labour cost are cheap. Some people argue about the high minimum wage that it can lead to inflation, as the business may pass the cost of higher wages to consumers in form of high price. Additional higher minimum wage can help to reduce poverty and improve standard living.The main concern about minimum wage it causes job loss, as the employer's may not be able to afford to pay their worker's.Do you think these concerns will bring benefits of the minimum wage?
Minimum wage isn't the way to alleviate poverty right now in Nigeria, doing that only is the same thing as going round in circles because it's not going to make any significant change. The cost of things must be reduced before thinking about increasing the minimum wage. Right now in Nigeria what an average household spends in a week is more than that wage they are increasing it to, the inflation is the main thing that should be tackled
I think controlling inflation could help reduce the cost of living and make the minimum wage effective. By addressing the root causes of poverty and implementation a comprehensive approach, Nigeria might be able to make some significant progress in alleviating poverty
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This is very true. You shouldn't expect the firms under the private sector to pay above what they can afford to pay all in the name of meeting up to the minimum wage. The private sector also suffers the illness of the system too and they are run for profit also.
Infact the kind of job and it's sector actually determines if the pay should be up to the minimum wage or not because a low budget private sector doesn't even have enough workforce to warrant a minimum wage.
You also have a great input to this but don’t forget that some private sectors make use of their workers much more than what they’re paying them as wages monthly. Some private sectors even when they can afford the minimum wage won’t want to do it because of their greediness.
They want the maximum input into their works but won’t listen to the hearings of their workers because they feel they don’t have a choice and there is no job outside for them. Those are what they leverage on and I don’t blame them but the failed system that hasn’t provided enough work for its citizens to enjoy from.
Those that can pay should be forced to pay while their that can’t should at least give them in equivalent to the effort they’ve putting in. With the rise in minimum wage, everything will begin to skyrocket and they’ll adjust to the current minimum wage payment of civil servants which is bad and market people are find wanting more with this kind of behavior.
True, that some private sectors overwork their staff, but it is left for the staff to place a demand for their welfare package if they want to, in consonance with their input. Unfortunately, the system is so bad that workers going through such a terrible experience can not speak up for fear of being sacked, because if such happens, it would be very difficult to secure a job because of the current situation in the country so everybody is just holding onto their jobs very tight, irrespective of what they go through, they say "a half baked bread is better than none". This is the reason why it seems that some people would still stay with organisations that overwork them, because of job security, as no one wants to make the mistake of leaving their job at a moment when there are no organisations out there recruiting.
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I think controlling inflation could help reduce the cost of living and make the minimum wage effective. By addressing the root causes of poverty and implementation a comprehensive approach, Nigeria might be able to make some significant progress in alleviating poverty
On the poverty aspects there is no way we are go to expect the government to look into it because not now and not today those suffering started, though your suggested solution will served well if the inflation is cut down in respect for any amount to be worth using for purchase. Meanwhile i think the minimum wage was for only NYSC because I don't think public workers have started receiving their money or have they? Because I have not ask any government workers about it to no but whichever way those money is nothing without eradication of the inflation.
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I think controlling inflation could help reduce the cost of living and make the minimum wage effective. By addressing the root causes of poverty and implementation a comprehensive approach, Nigeria might be able to make some significant progress in alleviating poverty
On the poverty aspects there is no way we are go to expect the government to look into it because not now and not today those suffering started, though your suggested solution will served well if the inflation is cut down in respect for any amount to be worth using for purchase. Meanwhile i think the minimum wage was for only NYSC because I don't think public workers have started receiving their money or have they? Because I have not ask any government workers about it to no but whichever way those money is nothing without eradication of the inflation.
Just the NYSC that are receiving the minimum wage the other civil servants I don’t think they are receiving theirs already and it been some months now since when the government said they will add to the civil servants and nothing yet. But i guess maybe some other states have been receiving their minimum wages but in relation to my state none civil servants have received shits, what a nation.