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Earning 100k and above
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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KNBS data can't be conclusive, I agree Though it's accurate on formal employment. Very few are paid over 100k. Fewer are taking home 100K after statutory deductions. However, I've seen an interesting thing:there's a lot of under the wraps intrapreneurship in most organisations. As in a guy who reports to a job where he earns 50K but it affords him the chance of earning 100k, 200k more.. Take for instance property managers and caretakers. The amounts they earn are very little. But being in charge of a building means you're the procurement boss, the maintenance boss, the debt collection guy. These are different revenue streams! Tax free money! I have seen a lot of such cases where people are earning very little but they don't complain. They don't even move or want to move. They're making more money while employed than they'd do if they moved to another company with higher pay or if they went solo. But usually it's at a cost to their employers
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Rank: Veteran Joined: 11/13/2015 Posts: 1,658
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Try renting out a house above $500 you will start believing the statistics.
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Rank: Member Joined: 1/22/2015 Posts: 682
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Lolest! wrote:KNBS data can't be conclusive, I agree
Though it's accurate on formal employment. Very few are paid over 100k. Fewer are taking home 100K after statutory deductions.
However, I've seen an interesting thing:there's a lot of under the wraps intrapreneurship in most organisations. As in a guy who reports to a job where he earns 50K but it affords him the chance of earning 100k, 200k more..
Take for instance property managers and caretakers. The amounts they earn are very little. But being in charge of a building means you're the procurement boss, the maintenance boss, the debt collection guy. These are different revenue streams! Tax free money!
I have seen a lot of such cases where people are earning very little but they don't complain. They don't even move or want to move. They're making more money while employed than they'd do if they moved to another company with higher pay or if they went solo.
But usually it's at a cost to their employers Even if you added all the hustlers, thieves, pharmacists etc into the equation, you'll still have less than 200,000 people earning over 100k per month. Common sense tells you that there will always be more employees than any other group. It's the most common route of making money by far. Therefore the number of rich employees will also be more than the number of rich hustlers/business owners/pharmacists put together. If there are 75,000 employees making over 100k, the hustlers making 100k are likely to be less than that. Put them together and you have less than 150k people making over 100k. Also, please factor in that most businessmen always paint rosy pictures of their biashara to the public. But ask an accountant or a banker to tell you the truth about businesses in Kenya. They are the ones who see actual bank statements. Most of them are making just enough money for the owner to be able to survive
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Rank: Elder Joined: 12/6/2008 Posts: 3,585
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Mike Ock wrote:Lolest! wrote:KNBS data can't be conclusive, I agree
Though it's accurate on formal employment. Very few are paid over 100k. Fewer are taking home 100K after statutory deductions.
However, I've seen an interesting thing:there's a lot of under the wraps intrapreneurship in most organisations. As in a guy who reports to a job where he earns 50K but it affords him the chance of earning 100k, 200k more..
Take for instance property managers and caretakers. The amounts they earn are very little. But being in charge of a building means you're the procurement boss, the maintenance boss, the debt collection guy. These are different revenue streams! Tax free money!
I have seen a lot of such cases where people are earning very little but they don't complain. They don't even move or want to move. They're making more money while employed than they'd do if they moved to another company with higher pay or if they went solo.
But usually it's at a cost to their employers Even if you added all the hustlers, thieves, pharmacists etc into the equation, you'll still have less than 200,000 people earning over 100k per month. Common sense tells you that there will always be more employees than employers. Therefore the number of rich employees will also be more than the number of rich employers. If there are 75,000 employees making over 100k, the business owners making 100k are likely to be less than that. Also, please factor in that most businessmen always paint rosy pictures of their biashara to the public. But ask an accountant or a banker to tell you the truth about businesses in Kenya. They are the ones who see actual bank statements. Most of them are making just enough money for the owner to be able to survive Ni madeni tu! Watu wanaona watu wakicheka na Mali wanafikiri ni biashara lakini ni madeni on the shilling tu watu wanatumia, ata banks. Ras Kienyeji Man
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Rank: Elder Joined: 10/4/2006 Posts: 13,823 Location: Nairobi
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Why are people asking questions that have already been answered? THE QUOTE SAYS FORMAL EMPLOYMENT... so don't ask if I considered your taxi driver or garbage collector. But anyway... how do we want to handle it... double the number? Triple it? Quadruple it? All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Elder Joined: 12/6/2008 Posts: 3,585
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masukuma wrote:Why are people asking questions that have already been answered? THE QUOTE SAYS FORMAL EMPLOYMENT... so don't ask if I considered your taxi driver or garbage collector. But anyway... how do we want to handle it... double the number? Triple it? Quadruple it? Education, focus longterm on being a knowledge economy rather than industrial, capitalist, e.t.c As an insider in the technology and energy sector, keep your fingers crossed, some biiiiig news coming soon! Ras Kienyeji Man
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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Is this a feel good thread?
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Rank: Member Joined: 6/22/2011 Posts: 561 Location: House
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innairobi wrote:another thing and maybe @kiash can confirm this but the median two-person household in the united states earns about $45,000 after tax. that would be in the region of kshs 400,000 per month for the two adults which translates to kshs 200,000 per month per adult.
now think about it. if the median person in the united states is earning 200K per month albeit post-tax and we're talking about a country whose GDP per capita is 40 times higher than kenya's, what would the median monthly income in kenya be? it's obvious from the laws of economics that only a small percentage of kenyans are making 100K or 200K per month. Na hawa naonanga na Jack daniels and blankets and wine etc ni akinanani?
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Rank: Veteran Joined: 3/27/2009 Posts: 1,437
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Ngogoyo wrote:innairobi wrote:another thing and maybe @kiash can confirm this but the median two-person household in the united states earns about $45,000 after tax. that would be in the region of kshs 400,000 per month for the two adults which translates to kshs 200,000 per month per adult.
now think about it. if the median person in the united states is earning 200K per month albeit post-tax and we're talking about a country whose GDP per capita is 40 times higher than kenya's, what would the median monthly income in kenya be? it's obvious from the laws of economics that only a small percentage of kenyans are making 100K or 200K per month. Na hawa naonanga na Jack daniels and blankets and wine etc ni akinanani? Middo class by local standards.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Ngogoyo wrote:innairobi wrote:another thing and maybe @kiash can confirm this but the median two-person household in the united states earns about $45,000 after tax. that would be in the region of kshs 400,000 per month for the two adults which translates to kshs 200,000 per month per adult.
now think about it. if the median person in the united states is earning 200K per month albeit post-tax and we're talking about a country whose GDP per capita is 40 times higher than kenya's, what would the median monthly income in kenya be? it's obvious from the laws of economics that only a small percentage of kenyans are making 100K or 200K per month. Na hawa naonanga na Jack daniels and blankets and wine etc ni akinanani? The 79K Start counting once they exceed 80K we shall know that, that jonalist is a bonoko  If Obiero did it, Who Am I?
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