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Nairaland Forum / Nairaland / General / Politics / Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn (24985 Views)
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Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 10:22am On Nov 11, 2018 |
phoinix:That is half of the argument. Why single out the minimum wage for the productivity debate. The entire wage structure of Everyone. Is there any data on what fraction of the wage budget goes to those on minimum wage? Without data it is a void debate. How productive are the Senators and even those senior civil servants who take home millions in allowances ? 1 Like |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by JONSYN7154: 10:22am On Nov 11, 2018 |
phoinix:No wahala |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 10:24am On Nov 11, 2018 |
0monnak0da:Easier said than done, an average Nigerian wouldn't want to make sacrifices, the one that will be possible if this minimum wage is implemented is the downsizing of staffs to be able to maintain equilibrium, you can't just increase salary without a proportional increase in production, lest there will be inflation, but speaking of making sacrifices, its farfetched. |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by obonujoker(m): 10:26am On Nov 11, 2018 |
Colourich: It's time for the politicians to sacrifice for the country the way low income earners have been doing.... 1 Like |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 10:27am On Nov 11, 2018 |
obonujoker:We all know that won't happen, atleast not now. |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by WaffenSS(m): 10:27am On Nov 11, 2018 |
micflo28: Enlighten me how the Nigerian civil service is either effective or efficient. You dumb fukk |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by WaffenSS(m): 10:30am On Nov 11, 2018 |
Nbote: I'm really not going into any debate with you, because obviously you've never been to any ministry or agency to see how those lazy layabouts sleep off from 9 to 5. That's if they even bother to show up at work anyway. Not to even talk of their corruption: nothing gets done unless you grease some palms. Maybe your dad is among that useless bunch of freeloading moochers. Does that explain your indignation? 2 Likes |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by obonujoker(m): 10:32am On Nov 11, 2018 |
Colourich: So low income earners should keep suffering?? Didn't GEJ increase it during his time?? |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 10:33am On Nov 11, 2018 |
0monnak0da: Minimum wage increase means a proportionate increase in wages for all civil servants irrespective of your current level. With more money to spend without producing more value, cost of goods and services will appreciate, simple economics. Regarding Senators we all know it's a waste. Question is what are we prepared to do about it? |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 10:34am On Nov 11, 2018 |
Colourich:Whatever the case let us start with data. What is the fiscal signature of adopting the minimum wage as a proportion of the total. My point is let there be a fact based debate about the entire wage bill and the role of minimum wage in that otherwise it us just emotional stuff In real terms This is not an increase because the Naira has been devalued by 50% ,and inflation by a similar factor over the last 4 years. Let the CBN provide data on the naira in circulation. The realty is a lot of Naira has been printed. How can you talk about fighting corruption in government when you pay workers 30k and senior civil servants at government expense spend similar figures on a single meal in Abuja hotels 2 Likes |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 10:39am On Nov 11, 2018 |
phoinix:Why? What is the logical or rational basis for this This assertion is the product of an unimaginative mind |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 10:40am On Nov 11, 2018 |
0monnak0da:Mind you, I'm not against the increase, I'm after the impact of this increase on our standard of living and economy. Our problem in Nigeria is that its a classless society, the gap between the rich and the poor is too wide, wiping out the middle class. 1 Like |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 10:40am On Nov 11, 2018 |
Hedonini: NLC will go on strike if they try this. So the solution is far fetched 2 Likes |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by poiZon: 10:42am On Nov 11, 2018 |
iAudio:what is ur own thought abt minimum wage? |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 10:45am On Nov 11, 2018 |
0monnak0da: You talk about currency devaluation, do you understand what that really mean? Because we are not very productive nation and we depend on importation of goods, devaluation is the result, fact!! We need to earn more foreign exchange by exporting more, who would be valuable between a consumer and producer? |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 10:48am On Nov 11, 2018 |
Colourich:Again another emotional statement without data Impact of what EXACTLY? How much are we talking about. Serious countries conduct planning with data and models. You have no data, no model and are just guessing and speculating 1 Like |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by poiZon: 10:50am On Nov 11, 2018 |
fg has 1.5million people in its payroll, haba.... its either the pensioners r much than the active workers or ghost mood workers still dey d system i think fg shud implement the contributory pension scheme, it will automatically reduce the number of workers on their payroll. the scheme shud be structured in a way that workers can monitor their cashflow n at the end of their service year u can take what belongs to u 100percent just like how the private companies operate. not the 50percent benefit n the remaining 50percent will be used in paying u pension till when u die. |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 10:52am On Nov 11, 2018 |
0monnak0da: Guy are you serious? Do some research that's what Google is for. Wages are distributed by proportions with respect to level attained, it's not chaotic, it has well defined structure. Why do you think all Labour are together fighting for minimum wage? |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nbote(m): 11:00am On Nov 11, 2018 |
WaffenSS: D problem with unintelligent people is dat dey think dey sound smart but in truth are jus bunch of morons seeking attention who resort to abuses and insults in d absence of sane or reasonable arguments. D fact dat U resorted to mentioning my dad in d context U did shows d kind of parenting U had... |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by micflo28(m): 11:01am On Nov 11, 2018 |
WaffenSS:You sanile psychopath. Cockoff my mention |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 11:01am On Nov 11, 2018 |
0monnak0da:Well then we have to make do with what we have. Even taxes in Nigeria are not recorded in computer neither do we have a data for how these taxes are computed, welcome to Nigeria. |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 11:01am On Nov 11, 2018 |
phoinix:You are derailing. I am talking about the fact that the amount of naira in circulation has expanded by stealth over the last 4 years. Once there was no 20 Naira note. Now we carry money with Ghana must go. So on the one hand there's price inflation but there is money supply increase. The nair a was DEVALUED BY THE CBN This meant PRINTING MORE naira i.e. quantitative easing The issue is how that new quantum of naira in circulation is distributed. It is concentrated in a few hands Your formulation about importation and foreign exchange is not enough to explain a 50%devaluation in a few months. That was a capital flight and a run on the naira. A financial crisis not a manufacturing or productivity one |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 11:03am On Nov 11, 2018 |
Colourich:Not true ,we can access info on how many people will earn the proposed minimum, the total of that and it's proportion of the total wage burden |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 11:07am On Nov 11, 2018 |
phoinix:Google? Please stop talking nonsense Is there any law that wages must be distributed by proportion any where? |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 11:08am On Nov 11, 2018 |
0monnak0da:Where and how can you do that? 1 Like |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 11:12am On Nov 11, 2018 |
0monnak0da: I don't know what you are talking about. The last currency devaluation was because the government allowed naira to float. |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 11:14am On Nov 11, 2018 |
0monnak0da: Ok, hold on to your beliefs let me hold on to mine, bye. |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 11:16am On Nov 11, 2018 |
phoinix:Even more important is that YOU do not know what you are talking about The CBN devalued the naira by setting an arbitrary rate and that is why till now we have two rates under Buhari which was not the case previously |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Meritocracy: 11:19am On Nov 11, 2018 |
I don't care cos when you get more money after naira devaluation nobody knows. Calculator 2.3trillion in dollar and compare it with what you paid workers before naira devaluation. I mean what you paid when naira was 180 and 360. |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by 0monnak0da: 11:20am On Nov 11, 2018 |
Colourich:Godl na wa o The government paying the wage must have the number of people it pays. Even their names and bank details Your question get as e be 1 Like |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Nobody: 11:21am On Nov 11, 2018 |
0monnak0da: You must be kidding, two rates, one was arbitrary set the other was allowed to float. I can cite links if you want. |
Re: Minimum Wage: 1.5 Million FG Workers To Earn Over N2.3tn by Reference(m): 11:24am On Nov 11, 2018 |
WaffenSS: So annoying. People we barely need when the average Nigerian pays for everything he doesn't already own to exist. You provide yourself electricity, water, security, road, waste disposal, education, medicare, everything.... all they do is to become clogs in the wheel of progress with their endless thirst for bribes and gratification. If not for statutory obligations to the state who needs civil servants....so they continue to make new laws and edicts to fatten their bloated pockets. I can't for the life of me understand why I should be paying more to folks who contribute nothing whatsoever to my pleasure as a human being and why 1.5 million people out of 180 million (0.83 percent or 1 in 120 people) should consume 30 percent of all the money this country makes in a year as salaries (alone, not adding their perks)..... It is vulgar. And what is even more annoying is that the silly average Nigerian will support this increase without preconditions, without questioning what value will be obtained by almost doubling their wages, what he will get for such massive sacrifices and tax increases or debt increases to fund such. What has yhe NLC put on the table to justify this demand. Will the hospitals work better, will teachers resume on time, will the immigration officer stop asking for bribes, will the soldier at that check point stop shooting civilians out of 'frustration', will the policeman leave the danfo driver alone ...nothing, no demand for best practices but a blind support for the NLC. They just come with the usual rhetoric, blow hot air and the gullible citizens buy into it. They compare their wages with the highest ones in the land those earned by politicians to gain sympathy and folks buy it. Why don't they compare their wages with the lowest earned in Nigeria or to be fair, the mean (average) wage in the real sector, the wage of the man on the street as is done in advanced countries viz the number of hours worked in a week or month. What they do by this behaviour is elevate themselves above the ordinary citizens they should be serving and there is no man who will pay his servsnt 30 percent of his earnings. Even God doesn't take more than 10 percent. Together with politicians the Nigerian civil service is a burden on this country that must be examined critically going forward. This is too much to bear. In most other countries the civil service is not where enterprising careers are built. In Nigeria everyone wants a full time or part time government job to survive, cool off and make free money. At whose expense abeg. 1 Like 1 Share |
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