@kiash; have you ever looked at the audited accounts of any billion-shilling-profit company?

Here is an example:

KCB made 15b PBT in 2011; their staff costs were 10.8b

EQT made 13b PBT in 2011; their staff costs were 6b

You may confirm these numbers by going to the respective websites and downloading the recently announced financial statements.

With those figures, do you still maintain your position that "those companies make billions in profits while they end up paying pea nuts."?

No wonder @Chiaroscuro has accused you of "populism".

As I keep saying; be careful what you post in wazua...

@Chiaruscuro
I beg to agree and disagree with some points you have made. Thanks most of them are genuine, when I wrote and suggested a minimum wage “hourly” for employees; it was to deal with the point like the one you replied in blue below:

I don't agree with your assumption. I think MOST Kenyans spend their time wondering where their next meal will come from - KNBS estimates that 46% of Kenyans survive on less than 100bob a day. And you think they can spare Sh300 to watch a football match?

Name the companies that you think "make billions" and "do not even pay the minimum wage" You are beginning to sound like Atwoli. He "payukad" things to that effect naming Nakumatt and EQTY. They threatened to sue him and he appologised publickly and admitted that these companies actually pay way above the minimum. No one earns less than 30k in these companies

On the second point I totally disagree with you on this one ati no one earns less than 30K in Nakumatt, talk to those guys who work there, if they were sincere enough there might be some making above what you have quoted but many more earn less. I got a link from last year and if the Nakumatt boss or the bosses of the flower farms in Naivasha respected the govt announcement, then you have the wage.

http://af.reuters.com/article/investingNews/idAFJOE74104G20110502

Oh; and, by the way, have you looked at the price of peanuts recently? They are more expensive coffee!

Actually, they won't even survive if you give them 3.5m - 4.0m!

As Dr. Phil likes to say: "You can't solve people's financial problems by giving them more money"