Friday, April 10, 2009

400 percent increase in pay??!!

The biggest economies in the world - US, Japan and Europe are in their first simultaneous recession since World War II. In spite of the trillions of dollars Governments around the world have pumped in to prevent their economies from going belly-up, the challenges seem increasingly intractable.

Perhaps oblivious to what is happening in the outside world, for many in this tiny Indian Ocean state of Maldives, their country seems to be totally insulated from the world’s problems. So insulated are we that even the bearers of the beacon of justice in this country found it a very a propitious and fitting moment to demand a whopping 400 percent increase in their pay. Their willful myopia and make-believe state of opulence seem to be completely draping the grim realities of their economy which is literally on the ventilator. I am clueless as to what fuels these frivolous demands. Ignorance? Greed?

Let me quote a story a good friend of mine told me sometime ago about the state of affairs of our small country. With their bellies full, he says, most of the lions, albeit halfheartedly, were forced to retreat into their dens last year. A few more, still, are on the prowl. The hyenas are now going on a rampage over what is left of the carcass. The vultures, waiting for their turn to scrape the bones of what is left of the little meat on the carcass, are ominously circling in the sky. The men and women wielding the sticks to shoo away the beasts have long become nonchalant and blithely shielded their eyes from the events unfolding in front of them.

When is this madness going to stop? I don’t enjoy crying wolf. But what I know for sure is that somebody’s got to do something to tame these wild animals and perhaps put some sense into the thick skulls of the men and women warming the all too important seats of the government, Majlis and the judiciary, if we are to stay afloat. Finance Minister, sir. Ahem, ahem! ;-)

16 comments:

Mike Abraham said...

very true..

Khilath Rasheed - journalist and blogger from Maldives said...

Well-said, Naimbe.

Anonymous said...

I wonder how many Maldivians know what a 400% increase is. Here's a quick tutorial on how to do this calculation:

Add to the old salary the result of its multiplication by Pi (3.141592654321)

Example:
If a magistrate gets 100Rf a month, a 400% increase means he will get (100x3.141592654)x sin(360)+100 = a grand salary of 0.12784 laari a month.

Anonymous said...

It's the members of the Majilis who threw our country into this vicious circle of greed by increasing their salaries by themselves at a level that our small economy could afford. The result is others who claim to get an equal amount of salary as Majilis members follow the same path that Majilis members cleaned! Life is so unfair and so unbelievable.

Anonymous said...

Naimbe, even a lone voice, raised in the right places, can indeed make a difference - the blogosphere isn't the right place, my friend - here you may be preaching largely to the converted - you have to hit the dailies, in Dhivehi. After all, we, the citiens are those somebodies who should be doing something, aren't we? The most the Finance Minister can do is tell people the state of the public finances, prioritise spending and wield the stick when people start overspending...it is largely up to the people,and their representatives in Majlis who wield the power, to rationalise their demands, isn't it? Awareness my friend, awareness is the key. I feel that people need issues and their ramifications to be explained to them in a way that would be easy to digest even for the prickly egos.

On another note, what are your thoughts on the sale of part ownership of the airport, takin into consideration global economic and geo-political realities? I am hearing much divided opinion on this....

Anonymous said...

very true. another good article. but as anon 4:36 has pointed out in the blogosphere u r only doing one thing. and that is taking to the walls. he he. anyway i dont know why u write a blog.

Ayya Is said...

Let me guess. Lions = Gayoom and cronies? Hyenas = Anni & Co? Vultures = hassan saeed, Gasim and their cronies? Did I get it right? nice story. :-D

Yusuf said...

I liked the example you have quoted ( the lion thing ).....hehe.

I think we economists ( or at least the people who understnads how these things work ) should try to illuminate the common people regarding these things. Being an economic student I fully understand how this "wage-price-spiral" works. We demand more wages, prices rise and again we need to demand pay rises. But a common man need to be taken through the facts. I wonder what I can do......may be we should start a dhivehi magazine.

Stewie said...

Time has come that responsible authorities make it clear to these vultures. Government has less $150 mil in reserve which is approximately a month or two's import i guess or may be less. We have a dollar shortage and you never know when we can't cope and need to devalue the currency. What is the value of this 400% increase if the cost of a Gangiya is Rf400?

Where do they expect Govt to bring this kind of money to wage them, while keeping the purchasing power of the currency same. gullible nut-cases some govt staffs are! geee!

naimbé said...

Mike, Hilath, Ayya, Yusuf, Stevie and anons: many thanks.

Anon 4:36 – If you are who I think you are, I think we have an agreement. Help me find a Dhivehi daily that will run my nonsense. ;-) . Yusuf is also willing to contribute. I’m sure there will be many more.

Stevie – my friend who told me the story of the lions, hyenas and vultures rang me up after I wrote this post. He says, because of their blurred vision and self induced state of hallucination the animals are seeing a hare’s carcass as that of a mammoth. So, the madness, the feeding frenzy and all the hullabaloo is over a tiny hare’s carcass! ;-)

meekaaku said...

Maybe we could run the printing press and create the money out of thin air?

Anonymous said...

Islaan judges like sex. Maybe we could pay judges with sex instead of cash

Anonymous said...

A good horror scene from the economy. I noticed that you still needed to say Ahem, Ahem hoping to wake up the Finance Minister;;

moyameehaa said...

something is seriously wrong with this country.i think we still have the same level of thinking as the giraavaru people who requested the king to stop the world war.btw, v.nice story.

Anonymous said...

Naimbe, what do you think of this?

http://www.hilath.com/?p=123

Anonymous said...

great post. I would love to follow you on twitter.