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Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria - Agriculture - Nairaland

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Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by PediakAuthor: 3:30pm On Nov 06, 2022
What's your opinion about the perspective of this tweet?

On the other hand, Imagine that you are Onion Farmer, u don blow be that o grin

Re: Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by mekaw(m): 3:33pm On Nov 06, 2022
Why the packaging, this should be 100 at most, but if someone win 2023 president it will be 1500

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Re: Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by michlins(m): 3:41pm On Nov 06, 2022
Na you go buy the one in the net.

Shey instead of you to enter your local market buy from common people, you refuse.

Anyway, I feel sorry for all salary earners. Their income is almost worthless

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Re: Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by PediakAuthor: 3:43pm On Nov 06, 2022
grin
Re: Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by RepoMan007: 4:02pm On Nov 06, 2022
If you work for the onion producing outfit where you can be certain company earning has gone up pro rata the price of onion, then fine.
If you work in a school where the fees, and by extension, the revenue, is still the same, then you are asking for a sack letter and not increment.

It is more sensible of the squeezed worker to start onion farming on the side to augment his 50k salary.

Your salary is not a function of your expenses. The dynamics of every outfit are different.
Re: Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by PediakAuthor: 4:04pm On Nov 06, 2022
I notice something in Nigeria, we have a bad reward system for services rendered by the 3 cadres of labour... a good reward system should be dynamic, salaries should increase with respect to inflation...

RepoMan007:
If you work for the onion producing outfit where you can be certain company earning has gone up pro rata the price of onion, then fine.
If you work in a school where the fees, and by extension, the revenue, is still the same, then you are asking for a sack letter and not increment.

It is more sensible of the squeezed worker to start onion farming on the side to augment his 50k salary.

Your salary is not a function of your expenses. The dynamics of every outfit are different.
Re: Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by RepoMan007: 4:15pm On Nov 06, 2022
PediakAuthor:
I notice something in Nigeria, we have a bad reward system for services rendered by the 3 cadres of labour... a good reward system should be dynamic, salaries should increase with respect to inflation...

that's impossible. Take FG for example, can inflation help increase the money the FG makes from crude sales?
It can't and therefore FG has to maintain salary level while inflation takes effect.
Re: Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by PediakAuthor: 4:18pm On Nov 06, 2022
RepoMan007:
that's impossible. Take FG for example, can inflation help increase the money the FG makes from crude sales?
It can't and therefore FG has to maintain salary level while inflation takes effect.
If salaries remain constant during inflation, then earners would be At the loosing end 'cos their financial rewards won't have much value... in short, the purchasing power of salaries would decline if there's no increment during inflation... think about this...

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Re: Inflation Vs. Salary Increment: The Current High Cost Of Onion In Nigeria by RepoMan007: 4:44pm On Nov 06, 2022
PediakAuthor:

If salaries remain constant during inflation, then earners would be At the loosing end 'cos their financial rewards won't have much value... in short, the purchasing power of salaries would decline if there's no increment during inflation... think about this...
The inflation is not employers fault really and they don't owe increament to inflation. They only owe workers increament when profit increases.

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