The Salary Myth
It is a popular belief in the society today that anyone that works in the office or has a white-collar job is more advantaged than the average entrepreneur running a Small and Medium Scale Enterprise.
This explains why many students prefer white collar jobs and University graduates refuse to do the so-called “menial jobs” because it is not befitting of their conceived status and degree.
Little do they know that if they sat down to do the maths, they’ll discover that these entrepreneurs are making a fortune. Perhaps lack of financial intelligence on the part of the entrepreneurs makes it appear as if they are struggling, whereas it is not so.
As a follow-up on my last article on the Concept of Salary, I want to give a detailed comparative analysis of the income of an average salary earner versus that of some people working blue-collar jobs.
The funny thing is that a salary earner is paid once in a month while the entrepreneur earns every day.
See also: How Secure is Your Job?
Now let’s do the maths. Divide your monthly Salary by 30 days and see what you get.
(1.) An average level-12 worker in the State Government civil service earns N60,000.
**** And this translates to N60,000÷30= N 2,000 every day.
This is far less than the amount made daily by an average Hawker in the city depending on the wares being sold.
(2) A freshly employed graduate Banker in most Nigerian banks earns an average of N120,000 monthly.
***So everyday, you get N120,000÷30 = N4,000 as the daily value for your work-life.
By implication, this is less than the amount earned DAILY by an average TAXI DRIVER in the city and in some villages…..
(3) If you are a fresh graduate EMPLOYEE in some oil companies, you earn an average of N300,000 monthly. ***So in a day your work value is N300,000 ÷ 30 = NGN10,000
This is less than the daily amount earned by an IRRIGATION FARMER supplying vegetables to Lagos markets; a TIPPER CAR DRIVER supplying sand for three block industries and construction sites just 3 times a day; and DRIVERS of Dangote Trucks who have bought off the trucks at scrap value and are using them to convey products between villages and the cities for just five business owners.
(4) If you are an NYSC Member, you DON’T need to be told that your allowance or ‘allawee’ -N19,800÷30 = N660 is your worth on a daily basis.
I hope you know that a PURE WATER SELLER who owns a shop, a pepper soup joint and a small Toyota Corolla car to distribute pure water to five restaurants earns more than you & WHEEL-BARROW PUSHERS working on contract for three warehouses probably make more money than you each day.
And here you are carrying your shoulders up and refusing to acquire useful entrepreneurial skills.
I hope by now, the message is beginning to sink in, right?
Isn’t it rather ironical that whenever there is an issue in the family that requires financial assistance, it is normal for the drivers, hawkers and the rest to look up to you with a white collar job?
Isn’t it absurd that when the salary earner exhausts her salary before month end, she usually goes to the entrepreneur to borrow?
This should cause you to rethink the real value of these overrated white collar jobs.
A remedy for the Salary Earner
If you are a salary earner or an intending a salary earner, you need to wake up and be more productive. Be more proactive, create room for more (passive) income and strive to diversify our streams of income.
The earlier you wake up and smell the coffee, the better for you. Your salary is definitely not enough to sustain you and your family.
Stop waiting for the Government to feed you. Feed yourself and help the Government feed others. That is where we are at this age.
You may say this analysis is too ideal to be true but if you take your time and do it, you will grasp the crux!
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Are you a Salary Earner or do you know one? Let us know your thoughts about this article in the comments below. I respond to every comment.