If there is a reduction in the cost of standard of living or the government can minimize inflation in the country then there will be no need to increasing minimum wage since prices of goods will be affordable. What will be the importance if minimum wage is increased and the standard of living becomes very high or the rate of inflation increases. This means the private sector will suffer
“Nigerians need deflation of economy, not increase in minimum wage – Onuesoke - Vanguard”
“Nigerians need deflation of economy, not increase in minimum wage – Onuesoke - Vanguard”
