What do you think about the minimum wage?

[Axcel777]

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.

[Agbe]

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

[Mia Chloe]

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.

[rachael9385]

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.

[Axcel777]

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.

[EluguHcman]

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?

[Nheer]

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. 

[DragonF]

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. 

[Penlex_Writer]

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.

[Mia Chloe]

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.

[DragonF]

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.

[Mia Chloe]

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.

[Cryptsafe]

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.

[Stuart]

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.

[Cryptsafe]

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.