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Ten percent of what CEOs earn for general workers

by Maxwell Teedzai for Table Salt News
07 Aug 2023 at 20:09hrs | Views
HARARE - (ZimStat) Zimbabwe National Statistics Agency has released what most unionists alleged is a damning review analysis of the current cost of living which they said had jumped upwards by 10.4 percent to stand at 76 percent.

Speaking to the press at the just ended weekend, Mr. Kurebwa Javangwe Nomboka the president of NMWUZ - National Mine Workers' Union of Zimbabwe vehemently denounced the recent Zimstat cost of living findings arguing, "We're not happy with the way Zimstat continues to under-represent the reality of the current cost of living in Zimbabwe and for that we feel that the general workers must be given a wage of 10 percent of what the CEO - Chief Executive Officer at their company earns on a monthly basis".

"The statistics by Zimstat he added, are backlashing on our demand for living wages for mine workers".

The current Zimstat analysis shows that cost of living has increased by 10,4 percent with the FPL - Food Poverty Line for one person now almost $80 000, the ZimStat said. According to ZimStat, the FPL for one person increased from $69 941,05 in June to $77 186,03 in July.

Meanwhile, the actual cost of living statistics in Zimbabwe has exploded to percentage levels that are beyond human reason.

"It seems our Government has created a pro-capital labour system which preys on the already impoverished workers while benefiting foreign direct investors who ride on His Excellence President Emmerson Dambudzo Mnangagwa's Zimbabwe is Open for Business economic revival mantra".

Prima facie, unionists in Zimbabwe have cast shadows of doubt in the competence of the Second Republic in addressing their grievances in a manner that brokers them for a win - win deal.

"There's absolutely no moral justification when a CEO earns US$20k vis à vis a general hand earning $80k (in rtg$) yet these are the backbone and drivers of production (with little to zero) foreign currency incentives but our expectations rather are that bigger mining firms should pay a wage of approximately 10 percent (US$2k) of the net salary of the CEO and nothing less," retorted Nomboka.

A minimum wage of US$800.00 is what workers are demanding should be paid the least grade at work for smaller mining firms, a salary which they claim is above PDL - Poverty Datum Line and commensurate with catering for a family of six.

The existing taxation threshold introduced by Finance Minister Professor Mthuli Ncube continues to be a thorn in the flesh for mining workers who are calling for its immediate revision or complete scrap-off, and their argument is that it is sucking the sap out of their already meagre wages.


Source - Maxwell Teedzai for Table Salt News