The Funny Circle of Basic Economics

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  1. It is an employers priority to pay the lowest salary possible to an employee for a particular role.
  2. It is also an employees priority to obtain the highest wage possible for his skill and time.

So as an employee, you are disgruntled about your wages/income and then you decide to do something about it.

A friend then suggests that you should start your own business.

Brilliant! (you think)

Then you start your own business and gruel for 6 months without any profit, just trying to sort out the business model etc

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Finally after, 12 months of ‘hustling” you decide you can’t do it alone.

Then you decide to employ staff; you put out information that you are accepting CVs and the next day there are 1000 CVs in your inbox.

You filter through the mass of applicants until you find suitable candidates and invite them in for interviews.

And when you finally find suitable candidates you begin salary negotiations and then you realize:

  • That It is an employers priority to pay the lowest salary possible to an employee for a particular role. And the candidate sitting in front of you is bargaining hard for a higher wage because…
  • It is an employees priority to obtain the highest wage possible for his skill and time. Shey, now you see why Danaerys Targaryen is worse than Cersei Lannister?
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Read Also:  Transcorp Hotels PLC HY 2018 Profit After Tax Expands By 85%

(If you didn’t watch Game of Thrones, I can’t explain for you.)

Written in 2019 by Ten Esan, Founder at EMB Investment Group, Associate at LSG Solicitors and General Counsel, Oniru Royal Family Estate.

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The Funny Circle of Basic EconomicsThe Funny Circle of Basic Economics

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