How wage increase will boost economy, by NLC chief Wabba

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RATHER than trigger inflation, the proposed minimum wage, when approved, will boost the economy, Nigeria Labour Congress (NLC) President Ayuba Wabba, has said.
He told reporters in Asaba, Delta State, that the assertion that an increase in workers’ salary would lead to inflation was unfounded.
The NLC chief was in Asaba as a Special Guest at the 6th Quadrennial National Delegates Conference of the National Union of Hotels and Personal Services Workers.
Wabba said: “It is not true and has no empirical bases that an upward review of minimum wage would trigger inflation in the country.
“This is because when the minimum wage was increased in 2011, in fact, the inflation rates went down. “Go and look at the records and the data, it would rather boost the economy because it would increase the people’s disposable income

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