The Nigerian government has passed a new minimum wage law, and the usual suspects are happy because the country "is getting a raise." Economic reality, however, will set in soon enough as people find that government edicts do not create wealth.
Michael Njoku
Michael Ikenna Njoku is a 2024 Mises apprentice from Nigeria. He has studied Economics at the University of Benin in Nigeria, and currently lives and works in Port Harcourt City in Nigeria. You can find him on X @GALTNG.