What Should Be The New Minimum Wage?
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- Опубліковано 3 чер 2024
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If they can't pay, then scrap the pay of all legislators to zero naira, while the president earns a paltry sum of 60000k monthly, while his cabinet members earn 15000 naira monthly....
This guy is not just an analyst. He's also a Nigerian. He's experiencing the hardship too 😅
He is a glorified clown, a glorified joker 🤡🤪. He may hate the way politicians are living ostentatiously but don't come on air with ridiculous fake figures/data to support very high minimum wage increase instead of a realistic wage increase..smh.
The minimum wage shouldn't be anything less than 200k. Just for my breakfast cost about that same 2500, i don't know how this mam believe that a family of 5 will be using only one tin of milk for breakfast, that must be a very poor family. I believe for a family of 5 that want to eat breakfast the way i do it wont cost them anything less than 10k for breakfast in Nigeria 9:38 .@@4evertrue830
@@4evertrue830feel free to post your findings. Calling names is just childish, son.
I think everyone should be on minimum wage. From the Senate to the house of Rep should face salary reduction. Even the president and the vice president should go through the same process. Their salaries should be slash down.
I wish they reason and see this
I will suggest 100k to the workers
The middle balance of living wages at this economy crisis in Nigeria now is should be 150k
Minimum wage is not the issue right now, just that the labour union didn't have a deep thinking... The issue is the price of commodities and things out there..
Even if minimum wage is N1,000,000 per month ... Workers and the unemployed Nigerians will have to buy things at highly price ... And it will bring more hardship to the citizen... Now price of foreign rice is N80,000 . By then may be N500,000
Talk to the government to regulate price of commodities in the market.. even if minimum wage is 30k
you mean subsidize the price of commodities? cause that's what price regulation means, otherwise you're telling someone that regardless of the cost of producing something they have to sell at a particular price point. Thats how you get no economy cause if i can't make money i won't bother getting out of bed...
Lack of price control hurts the country really bad. Everyone can just raise their prices of their products without penalty. It's one of the things the country needs badly
@@testingoyay4648correct me if I'm wrong, but if there's working price regulation, wouldn't the cost of production be cheaper, which will lead to better prices of products?
@@testingoyay4648 That is one way to go about it, but a better way is to flood the food market with cheap imports from neighbouring countries to reduce high food prices.
@@beatsmithx1090 In the 60s, 70s and early 80s before military intervention into politics, price regulation of food items and other basic essentials worked well at the time because govt was in control over most essential means of production in the economy. Unfortunately since the IMF/World Bank privatisation programme which is still ongoing, trying to regulate prices of finished food items and other basic necessities will not work anymore. Previous govts made a big error with the privatisation of crucial sectors of the economy. Privatisation always leads to profit maximisation which is always in conflict with public interests, i.e interests of the masses.
Thank you so much sir
At least 350000 naira just as a start
Wa sere.. didn't see this
N350,000/ mth for unskilled workers? Tell me you don't know what minimum wage is, without telling me you don't really know what minimum wage is? 😂😂😊
Yes ofcourse, there is no other way to simply put it, first of that should help with adequate housing, and access to health care, allow for parents to manage their families because that means they can afford school fees, they can have family savings, and can at least have breathing space to live their lives. That's just putting it mildly, because that's just roughly 230 dollars a month compared to the 30000k monthly which is just shy of 20dollars monthly, at least this should get the leaders thinking, am sure they remember that they campaigned to increase production at all levels, well this is their opportunity. Also, there are no unskilled workers. Rather, there are not so many skillful and scalable jobs. Therefore, it makes sense to broaden skills acquisition.. there are many variables t consider no doubt, however, a minimum wage should reflect the dignity every citizen should get. That's my view.
I was wondering about the money that was paid to the tripartite party to come up with the minimum wage. I can remember that they asked for 500 million.Where is their analysis? What did they do? What was the amount they recommended to the government?
200k and above.
How about $300 an hr wtf not? I always wanted to drive a $600.000 dollar car
200k
There isn't even school fees, which is also basic
Most minimum wage earners are not married and don't have kids yet. What school fees are you referring to?
@@4evertrue830 school fees of kids. The calculation he did in the video shows that kids are involved naw. And If kids are involved then they have to go to school
For me the minimum wage shouldn't be anything less than 200k, my breakfast cost about that same 2500, i don't know how this mam believe that a family of 5 will be using only one tin of milk for breakfast, that must be a very poor family. I believe for a family of 5 that want to eat breakfast the way i do it wont cost them anything less than 10k for breakfast in Nigeria.
Sir your analysis is incomplete, what about health insurance fee on a minimal level? How do a man save money for the rainy days?? Nigeria🇳🇬 is very fucked up
We need this kind of people in the govt.
Is too small seems like Nigeria isn't hard enough for you
$300 equivalent per month.
Hmm, na wa o
150k or 200k
In my opinion dat 400k plus is much as minimum
The issue with that is, labour union leaders did not back the N497k with any researched living standard figures. So how can it be realistic and believable. 😕
This estimated monthly expenses isn't a realistic enough Is much more than this.
Shay this girl dey okay so??? What's hight 75k per month haba.. e even small sefv
It's between 105 to 120k. This is based on depreciation of the naira to dollar.
So you want unskilled workers, who generally earn minimum wage to earn dollars as their minimum wage?
@@4evertrue830 Why is it hard for you to understand things? What I'm saying is that the real value of 30k of two years ago is now 105 to 120k based on purchasing power. These things are determined by the value of our currency. If a bottle of Pepsi a few years ago was 100 Naira and it's now 350, same with almost everything in the market, are we supposed to leave salary at 30k? The 120k minimum wage is what an American unskilled worker receives in just two to three hours of work in a single day. Why are we enemies of progress in this country? It's evil to be against making life better for the poorest amongst us. It's pure evil or maybe jealousy.
So labour go say dem done do good job abi? What if Federal government come fix the minimum wage as 61,000? Wetin dem go do? Start strike again?
Lol
Nigeria, a squashed Nation,
$100
150k
Eve that is a bit small to be honest
120k
120k is okay for now
300,000 Is manageabl