Sharp Daily
No Result
View All Result
Wednesday, June 25, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

High Cost of Living Dims Labour Day Glow

Dennis Otsieno by Dennis Otsieno
May 2, 2023
in News
Reading Time: 2 mins read
photo/courtesy

photo/courtesy

Labour Day is a civic holiday to celebrate the achievement of workers.

Yesterday’s Labour Day anniversary was unique, coming at a time when the country is experiencing intense levels of political polarization, high cost of living, hunger, and religious radicalization.

The shopping baskets for most Kenyans have become significantly smaller. Families are on the verge of starvation and malnutrition, with many facing the impossible choice between food, rent, transport, school fees, water, and medicine, daily.

Prospects of rapid economic recovery for Kenya and a better quality of life in the short run, appear grim. Mental and psychological pressures either at family unit levels or the workplace, with cases of suicides, homicides and cultism are on the rise as a result of the inability of the majority to meet common basic demands.

RELATEDPOSTS

Not a happy Labour Day.

May 2, 2025

COTU refutes allegations of staff mistreatment and misconduct

March 24, 2025

The public resentment over skyrocketing food prices and the high cost of living needs empirical intervention measures by the government of the day. The government needs to step in authoritatively and double its efforts in cushioning Kenyans against the sky rocketing food, farm inputs and fuel prices.

Read: Cost of Living Unlikely to Ease Despite Current Rains

The minimum wage has failed; it has not kept pace with the rising cost of living, causing many Kenyans to live below the poverty level. There is a need to adopt a minimum wage, that matches practically with the actual cost of living among the various cadres of the workforce.

The government’s borrowing spree has added an additional load on Kenyans. Unfortunately, much of the government revenue raised to service debts is lost to corruption, making the cost of doing business and living very high.

The stakeholders in the sector such as COTU and Consumer associations should focus on making Kenyans’ lives a little easier by putting in place policies and intervention measures to cushion the population against insecurity, scale the war against corruption, inflation, high cost of living, drought, ignorance and poverty.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Lower Vegetable Prices Pulls Down Inflation to 7.9% In April

Next Post

State Corporations Yet to Repay Kshs 920 Billion Owed to The Government

Dennis Otsieno

Dennis Otsieno

Related Posts

Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025

LATEST STORIES

How Kenyan banks can bridge the cybersecurity talent gap

June 25, 2025

How companies can prevent administration through early intervention

June 25, 2025

How dairy bonuses are becoming a lifeline for Kenyan farmers

June 25, 2025

How dormant assets could be a hidden economic engine

June 25, 2025

Rethinking lifestyle inflation: The quiet investment killer

June 25, 2025

How Kenya can compete with global employment markets

June 24, 2025

Why Athi River deserves your investment

June 24, 2025

Parliament slashes tax on digital asset trades: What this means for investors

June 23, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024