[Civsoc-mw] [NYASANET] The Budget

[Tony Thontholani]

There are determined after taking a number of factors into consideration. In my previous post I emphasised on basic needs. And I was very basic. I didn’t talk of culture as part of a basic need, for instance. Progressive thinkers tend converge on cultural consumption as a basic need.
Having said that let me break it down. 
a). Labour should bring in dividends both to the buyer and seller of labour. If it doesn’t bring me dividends - from a rational point of view - it is not worth pursuing. 
If I spend 160 hours per month selling my labour and still I can’t afford to rent a decent house, I am being exploited. 160 hours, that is 8 hours per day. Work should allow me to pay for societal basic needs. Otherwise, I’ll commit suicide. 
b). The consumer base determines a company’s capacity to pay 💰 
And here comes the hammer 🔨 
c). Comparable incomes within a country and sometimes within an economic bloc. Intranational comparison: How much is Peter’s pay? Compare that with the K35,000. Or, how much is a manager’s pay? Etc etc. 

If per hour wage in Zambia is 5£, and in Malawi 1$ don’t be surprised to see labour flight. I’d rather sell my labour in Lusaka than in stinky Lilongwe. 

> On 18. Sep 2019, at 19:49, Maybach Woyee <mbchwoyee5 at gmail.com> wrote:
> 
> How is the minimum wage determined?


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