Backward Bending Leaders

 

It was in High School, I learnt about the backward bending Supply Curve. Ordinarily the Law of Supply in Economics states that the higher, the price, the higher the Supply.

But it was said that among workers in Tea plantations, in East Africa, it was found that the more pay they got the less work they did as a result of marrying more wives.

For exploiters, this could be an excuse to pay workers less.

In Nigeria, our leaders are celebrating a drop in the demand for fuel. It should be worrisome.

If this were because of alternative Energy, it would be excusable but no. It is because of inability to purchase fuel.

To celebrate it is to wish for a return to the days before fuel and automobiles were in use.

Maybe Government officials should state that trekking is good for the health but what of man hours lost? If it is good for the health, is it good for service delivery?

When workers walk long distances they are bound to be tired, work less and sleep more.

In these days of falling Naira, it is increase in productivity that we need. Consuming less fuel is not an index of higher productivity but lower productivity.

Our leaders should be leaning forward not backward bending.