No minimum wage increase

No minimum wage increase

It might seems absurd why I will say they is nothing as minimum wage increase when the process of implementation is at the apex level, but the truth must be faced, an increase in the wages of workers will only have a retrospective effect on market prices, immediately the announcement has been made for the implementation of that bill, the market women, bus drivers, gas stations, and what have you, will inflate prices of goods and services, which will take us right back to where we came from,so the question is, can minimum wage increase be the best method of helping our economy?? Definitely not!!! If our youth, are properly empowered, and the enabling environment is created for entrepreneurship, dont we think it will leave our Nigerian youth better off?? Rather than trying to discourage them from self initiative, all in the name of an increase in paid employment, when the least think as price control system has not been put in place, to control the effect of increasw in minimum wage, in my words, increase in minimum wage in the state Nigeria is right now is only but a scame!!!https://www.google.com/url?q=https://www.naijanews.com/2019/03/15/nigerian-senate-approves-30000-minimum-wage-and-75000-penalty-for-non-compliance/&sa=U&ved=0ahUKEwjjx7O_3ozhAhUNPFAKHTCyDksQ-AsIDygAMAE&usg=AOvVaw3Qkt__OxN69bCiqHFLJBh4

This Post Has One Comment

  1. Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!

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