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Nairaland Forum / Nairaland / General / Politics / Minimum Wage Above N22,500 Will Lead To Inflation, Says Group (21140 Views)
Don't Accept Minimum Wage Above ₦50k - Seun Osewa Tells Tinubu / Salary Rise For Workers Likely Over Inflation, Says FG / Anybody Caught Selling Cement Above N2,500 Will Face Full Wrath Of The Law - CPC (2) (3) (4)
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Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Kureh(m): 6:58pm On Nov 03, 2018 |
Nonsense 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Kewtt: 6:58pm On Nov 03, 2018 |
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Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by HarryDuce(m): 6:58pm On Nov 03, 2018 |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by kgr8mike(m): 6:59pm On Nov 03, 2018 |
Ok |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Gerrard59(m): 6:59pm On Nov 03, 2018 |
It's simple economics. It's only those who failed economics in secondary school that will argue otherwise. Besides, how many states can ADEQUATELY pay 22500K promptly every month? What is needed is not increment in the minimum wage (which is not even a good thing on its own) but a strengthening of the economy invariably the value of the naira. 8 Likes 3 Shares |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Nobody: 6:59pm On Nov 03, 2018 |
acenazt:Labour accepting N22,500 is a slap on labourers. Niger our next neighbours earn more than 30k 2 Likes |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Kewtt: 6:59pm On Nov 03, 2018 |
Gerrard59:Hehehe say another thing. |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Ategberoson(m): 7:00pm On Nov 03, 2018 |
the groups are stupid. if there would be inflation let it be. FG must addressed the peanut Nigeria workers received with huge resources we have inflation exist everywhere, so this shouldn't be an excuse not to address their increase salaries 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Gerrard59(m): 7:03pm On Nov 03, 2018 |
Kewtt: Typical. What do you not understand that the increment in wages without a corresponding increment in the quantity and value of production leads to inflation (too much money chasing few goods)? How has the economy changed that wages should be increased just because they should not because of an increment in value production or chronic labour shortage? Or, could it be that you don't understand SIMPLE economics? 6 Likes 3 Shares |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by osazeeblue01: 7:05pm On Nov 03, 2018 |
ManirBK: Faceless group 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by bigkahuna704(m): 7:05pm On Nov 03, 2018 |
Sha Pay 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by blackmercyvelli(m): 7:05pm On Nov 03, 2018 |
Don't blame buhari, just blame your governors |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by kolmart: 7:05pm On Nov 03, 2018 |
All the people in the so call group will die in poverty IJN. How can somebody with his/her sense will said such, when there is no inflation when senators are collecting 13.5m naira in a month how come just common 30K once again those group members will die in poverty IJN 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Gerrard59(m): 7:05pm On Nov 03, 2018 |
Ategberoson: Yes, inflation exists everywhere but in the most reasonable of forms. If unfortunately, you don't understand the above, kindly ask Venezuelans and Zimbabweans. 3 Likes 1 Share |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by publictimesng2: 7:06pm On Nov 03, 2018 |
But the wages of the political office holder wouldn't cause inflation 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by YorubaEmir: 7:08pm On Nov 03, 2018 |
If the Lawmaker' and Ministers' salaries will be slashed to N22,500, no problem 2 Likes |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Kewtt: 7:11pm On Nov 03, 2018 |
Gerrard59: Adam Smith.. wehdone. Hyper inflation or galloping inflation is NOT our business. Minimum wage of 66k is non negotiable |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Kewtt: 7:11pm On Nov 03, 2018 |
YorubaEmir:Ooshey 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by somehow: 7:12pm On Nov 03, 2018 |
What's wrong with you people? Did you not read where it stated "state governors?" Is Buhari a state governor? Seems intelligence is dropping very fast in Nigeria. Luminary1: 2 Likes |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Amadioha01(m): 7:14pm On Nov 03, 2018 |
Nigerians don't understand economics. WE SHOULD HAVE NO MINIMUM WAGE. It should be left to employers 2 Likes 1 Share |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Ttipsy(f): 7:15pm On Nov 03, 2018 |
illiterates 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by CandidNotes: 7:15pm On Nov 03, 2018 |
Thank God someone has finally addressed it. Increasing minimum wage in turn, increases inflation and you are back to square one. Is it that hard to figure ![]() 4 Likes |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by AdonaiAluminium: 7:16pm On Nov 03, 2018 |
But Govs security votes runing into billions and legislators pay runing into several millions haven"t caused inflation, Just 22,500 salary to poor workers, (about 850naira/pay) will now cause inflation. Nonsense!!! Contact us for all Your roofing Jobs, water collector systems, insulated roofing sheets and panels, roof maintenance services 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Kennedy94(m): 7:17pm On Nov 03, 2018 |
are these people serious at all,what is 22k to someone working day and night.. if it's money to fight opposition they will have,if it's the one for party they will have but when it's gets to the masses turn they turn a deaf ear. God deliver us. Trade your Paypal to giftcard and Bitcoin 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Gerrard59(m): 7:18pm On Nov 03, 2018 |
Kewtt: Euphemism for "I failed high school economics". 5 Likes 3 Shares |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Nobody: 7:19pm On Nov 03, 2018 |
It will indeed lead to inflation because workers now have a high purchasing power which will in turn make producers, wholesalers and retailers to increase the prices of goods as a result of this increase in income. This is an adjustment to the new income. 3 Likes 2 Shares |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Amadioha01(m): 7:20pm On Nov 03, 2018 |
Ategberoson: Blood of obara!! The 30k will become valueless!! Bruh do you read/research at all. 30k from the 1980's compared to now !! That is not even comparable. 4 Likes |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by chloride6: 7:21pm On Nov 03, 2018 |
That's a concern for the rich not you. Collect your 30k 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Ekpeikot(m): 7:23pm On Nov 03, 2018 |
Its a lie let try 30k n see. 1 Like |
Re: Minimum Wage Above N22,500 Will Lead To Inflation, Says Group by Nobody: 7:23pm On Nov 03, 2018 |
jargons, they should slash the pay of public office holders and increase that of civil servant then. inflation will not be a problem if were a producing nation, we are saying this because we can't produce anything here. 3 Likes |
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