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The Labor Union Are Realistic With Their 500,000 Minimum Wage. - Politics - Nairaland

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₦500,000 Minimum Wage: The Labour Union Are Unrealistic With Their Proposal / FG Agrees To Pay N30,000 Minimum Wage As NLC Suspends Nationwide Strike / FG Proposes N24,000 Minimum Wage; States N20,000; NLC Wants N30,000 (2) (3) (4)

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The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Obviouslyblunt: 3:07pm On May 24
Where do the Labour union expect the government to get the funds? To borrow or to increase more tax base which Nigerians are fuming at both? —->

cut cost on all government agencies and officials. Senators in the US earn about $174,000 per annum this is about 261 million naira yearly with an exchange rate of 1,500 per dollar. While in Nigeria , this should be an amount a senator takes homes monthly. This is a country that Nigeria borrows from.

What should happen to private sector workers, how would they be able to cope in the same economy where the government workers would be earning X300% of their basic salary? ——->

this will force competition. Private sector will up their wages to compete. A minimum wage simply means, the country’s minimum standard of what a wage should be.

What would happen to Nigeria economy with government paying N500k as salary? ——->

Question should be, what hasn’t happened to the Nigerian economy already. In 2018 When govt approved N30k minimum wage, $1 was N167, so that amount was about $180. Even then a litre of petrol was N87. That amount could get you 345 litres of petrol.

Fast-forward to the economy destroyed by Tinubu, the N30000 or $180 then is now equivalent to N280,000. Also, the 345 litres of petrol is now about N267,000 post subsidy.
So, tell me how N500,000 is unrealistic, when you ought to increase minimum wage by nothing less than 45%. We all remember that they increased it from N18000 to N30000, a 67% increase.

The Federal government are always encouraging the Masses to endure while nothing changes in how they Earn their living and how they spend the country’s resources. We have billions and trillions being allocated to road construction while the country’s workers suffer. This isn’t how to run a country. People should look up to getting educated, graduating and getting a job within the country cos they know they’ll survive on a living wage they will be paid. Currently there is nothing enticing to work in Nigeria and to develop the country cos people are being paid peanuts. This doesn’t encourage citizens to endure and shun away from migration. How will a father of 3, earning 80k naira monthly survive? A minimum wage of 57k naira which the government is proposing is just $38 monthly, this isn’t even enough to get 3 big size pizzas in other saner climes.

Are people really expecting labor union to fish out ghost workers being employed by the government and governors? And also being paid by the government? How is that even possible or a duty of the labor union?
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Justiceganduje: 3:08pm On May 24
May God give job to the jobless. Amen.
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Pussyisgud: 3:36pm On May 24
Dey play, but the government have money to be buying the latest jeep and benz abi?
People like you are among the problem we have in this country.
Nigeria is still very rich.
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Landmine1: 3:39pm On May 24
Pussyisgud:
Dey play, but the government have money to be buying the latest jeep and benz abi?
People like you are among the problem we have in this country.
Nigeria is still very rich.
I don't think you read the post.
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Landmine1: 3:40pm On May 24
Well put OP. Seun.
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Felabrity: 4:26pm On May 24
Nothing go make tinubu and those bst In senate approve 500k minimum wage

200k should be fare
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Pussyisgud: 7:09pm On May 24
Landmine1:
I don't think you read the post.
Oh i did very well
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by spencekat(m): 7:12pm On May 24
Felabrity:
Nothing go make tinubu and those bst In senate approve 500k minimum wage

200k should be fare
The inflation will be out of hand.
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Felabrity: 7:16pm On May 24
spencekat:
The inflation will be out of hand.
its already out of hand

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Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by spencekat(m): 7:16pm On May 24
Felabrity:
its already out of hand
It will be worse.Everybody will increase the more the prices of their goods and services .
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Iamgrey5(m): 7:28pm On May 24
There's no time in Nigeria for the past fourty years has Nigerian minimum wage been more than $100.

Who ever thinks Nigeria can manage $400 when the country is deeply in debt is joking.
Re: The Labor Union Are Realistic With Their 500,000 Minimum Wage. by Iamgrey5(m): 7:32pm On May 24
Minimum wage is paid to level 1 officers in the civil service.

Least paid workers who are not skilled and often illiterate.

If level 1 gets 500k, then graduate on level 7 and 8 should get 900k to 1 million.

Let see how feasible that will be.

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I Am Back With A New Moniker To Continue To Criticize Tinubu / Minimum Wage Above N60,000 Will Lead To Further Hardship / NLC Strike: Organized Labour Has Reached An Agreement With FG And Their Resoluti

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