Working hard is generally considered a positive trait, but working in a country like Nigeria presents its own challenges. One major issue is the disconnect between salary and the rising cost of goods and services.

For example, if our salaries were to increase in proportion to the rise in prices, we wouldn't face a problem working. However, the reality is that salaries remain constant while the costs of necessities continue to escalate.

Let's consider a scenario where someone earns a monthly salary of 50,000 Naira. With this amount, they are able to purchase a bag of rice for 50,000 Naira. The challenge arises when, before they receive their next month's salary, the price of a bag of rice increases to 60,000 Naira. As a result, despite having 50,000 Naira, they can no longer afford to buy the same bag of rice they used to with that amount.

The issue could have been avoided if, as the price of rice increased to 60,000 Naira, the individual's salary also increased to 60,000 Naira. This way, their purchasing power would have remained relatively stable and they would not have struggled to afford essential items due to the rising prices.

In essence, the disparity between stagnant salaries and rising costs poses a significant challenge for individuals working in Nigeria.

JoshuaBestPremi:
Working hard is generally considered a positive trait, but working in a country like Nigeria presents its own challenges. One major issue is the disconnect between salary and the rising cost of goods and services.

there is no disconnect
Labour gets what it's worth in the market

.
For example, if our salaries were to increase in proportion to the rise in prices, we wouldn't face a problem working. However, the reality is that salaries remain constant while the costs of necessities continue to escalate.

Is salary supposed to rise with price or productivity
You only planted one yam and you want to harvest 365
In what universe

Let's consider a scenario where someone earns a monthly salary of 50,000 Naira. With this amount, they are able to purchase a bag of rice for 50,000 Naira. The challenge arises when, before they receive their next month's salary, the price of a bag of rice increases to 60,000 Naira. As a result, despite having 50,000 Naira, they can no longer afford to buy the same bag of rice they used to with that amount.

you planted one bag of rice but refused to think of flood or drought or disease or pests
Now you harvested half bag
Whose fault?

.
The issue could have been avoided if, as the price of rice increased to 60,000 Naira, the individual's salary also increased to 60,000 Naira. This way, their purchasing power would have remained relatively stable and they would not have struggled to afford essential items due to the rising prices.

SMH
Where do you think salary comes from
You think your boss plucks it from the ground to be doing father Christmas? You better find a better boss who can think ahead of inflation

.
In essence, the disparity between stagnant salaries and rising costs poses a significant challenge for individuals working in Nigeria.

the disparity in laziness you mean
Your salary is a reflection of your output not your effort
If you dig a useless ditch you get paid nothing for your effort

But you dig a drainage ditch to stop flood destroying your crops you get paid for that

Not by busyness but by business

I understand the point you're making about the relationship between salary, productivity, and market value. It is true that in a market-driven economy, salaries are determined by supply and demand, as well as the value a particular job or skillset brings to the market.

However, the concern I raised in the previous post is not solely about salary rising with prices but rather the disparity between stagnant salaries and the rising cost of goods and services. It is about the impact that constant or minimal salary growth has on an individual's ability to afford essential items as prices increase over time.

While it may not be realistic to expect salaries to increase in exact proportion to price hikes, the concern lies in the fact that salaries often do not keep up with the rising costs of necessities. This mismatch can create financial hardships for individuals, particularly in situations where basic needs become increasingly burdensome to fulfill.

It is important to recognize that addressing this issue involves finding a balance between market dynamics and the well-being of individuals. Strategies such as implementing cost-of-living adjustments or exploring ways to improve productivity alongside fair compensation can contribute to alleviating the challenges faced by workers in situations like these.

Cromagnon:


there is no disconnect
Labour gets what it's worth in the market







Is salary supposed to rise with price or productivity
You only planted one yam and you want to harvest 365
In what universe








you planted one bag of rice but refused to think of flood or drought or disease or pests
Now you harvested half bag
Whose fault?





SMH
Where do you think salary comes from
You think your boss plucks it from the ground to be doing father Christmas? You better find a better boss who can think ahead of inflation



the disparity in laziness you mean
Your salary is a reflection of your output not your effort
If you dig a useless ditch you get paid nothing for your effort

But you dig a drainage ditch to stop flood destroying your crops you get paid for that

Not by busyness but by business

JoshuaBestPremi:

I understand the point you're making about the relationship between salary, productivity, and market value. It is true that in a market-driven economy, salaries are determined by supply and demand, as well as the value a particular job or skillset brings to the market.

However, the concern I raised in the previous post is not solely about salary rising with prices but rather the disparity between stagnant salaries and the rising cost of goods and services. It is about the impact that constant or minimal salary growth has on an individual's ability to afford essential items as prices increase over time.

what makes prices of goods rise
It doesn't just go up cos one person says so o

.
While it may not be realistic to expect salaries to increase in exact proportion to price hikes, the concern lies in the fact that salaries often do not keep up with the rising costs of necessities. This mismatch can create financial hardships for individuals, particularly in situations where basic needs become increasingly burdensome to fulfill.

survival Of The fittest
As Thomas Piketty Observed in his book
Capital has gained more than labour in the 20th century
The question now is, why are Nigerians not investing in capital
Na so so iPhone and range rover
Nothing productive
Now blaming the market

Newsflash
The market no send anybody o
Adapt or perish
That's nature for you

.

It is important to recognize that addressing this issue involves finding a balance between market dynamics and the well-being of individuals.

ah the age old appeal to emotion(socialism that never works) over logic (capitalism that works everywhere)

.Strategies such as implementing

.cost-of-living adjustments

who will make these adjustments (will you force minimum wage on small businesses that can barely survive now, then you have unemployed ppl. (something is better than nothing))

. or exploring ways to improve productivity

should adults be waiting to be spoonfed
Did they not go to school
All this graduate and degrees they claim upandan yet no application.
Come on brother

. alongside fair compensation

define fair compensation
A worker produces 100 yams
His neighbour produces 700 yams

Are you Saying B must share 360 yams with lazy bones
Stealing is fair to you ?
Cos that's theft in the name of compassion
Do you think B will farm 500 for you to steal following year?
What will you do then
Make him a slave?

. can contribute to alleviating the challenges faced by workers in situations like these.

workers need to get their act together quick and stop waiting for spoon feeding from rich

You are missing the point.

Cromagnon:


what makes prices of goods rise
It doesn't just go up cos one person says so o





survival Of The fittest
As Thomas Piketty Observed in his book
Capital has gained more than labour in the 20th century
The question now is, why are Nigerians not investing in capital
Na so so iPhone and range rover
Nothing productive
Now blaming the market

Newsflash
The market no send anybody o
Adapt or perish
That's nature for you





ah the age old appeal to emotion(socialism that never works) over logic (capitalism that works everywhere)











who will make these adjustments (will you force minimum wage on small businesses that can barely survive now, then you have unemployed ppl. (something is better than nothing))





should adults be waiting to be spoonfed
Did they not go to school
All this graduate and degrees they claim upandan yet no application.
Come on brother





define fair compensation
A worker produces 100 yams
His neighbour produces 700 yams

Are you Saying B must share 360 yams with lazy bones
Stealing is fair to you ?
Cos that's theft in the name of compassion
Do you think B will farm 500 for you to steal following year?
What will you do then
Make him a slave?



workers need to get their act together quick and stop waiting for spoon feeding from rich

JoshuaBestPremi:
You are missing the point.

Nah
You are
Want more salary
Plant more yams