Ian Mbugua lights up the internet with his 1985 Pay Slip.

KEY POINTS:

  • Ian Mbugua's 1985 payslip has sparked a series of conversations on social media, as most Kenyans failed to work out the answer correctly.
  • Renowned Kenyan economist David Ndii puts Kenyan on the spot over Ian Mbugua's 1985 payslip, "Quick math/finance quiz for #KOT eco/finance Pundit. How much is Ian Mbugu's salary worth today?" 
  • A person who earned a monthly salary of Ksh2220 in 1985 would probably be earning slightly over Ksh25000 at an inflation rate of 7%.
  • "2220*1.07^36 so 25,361 KSH today assuming an inflation rate of 7%." Did you understand anything?
 

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Renowned Kenyan economist Dr David Ndii puts Kenyan on the spot over Ian Mbugua’s 1985 payslip, “How much is Ian Mbugu’s 1985 salary worth today?”

Ian Mbugua’s 1985 payslip has sparked a series of conversations on social media, as most Kenyans failed to work out the answer correctly.

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Not many people commented on the question from Ndii because they could not get the answer right.

Currently, Davis Ndii is working with Deputy President William Ruto to draw guidelines for growing a sustainable economy if DP Ruto wins the elections.

A person who earned a monthly salary of Ksh2220 in 1985 would probably be earning slightly over Ksh25000 at an inflation rate of 7%.

Ian Mbugua's 1985 Payslip.
Ian Mbugua’s 1985 Payslip.

“2220*1.07^36 so 25,361 KSH today assuming an inflation rate of 7%.” Did you understand anything?

“This is the correct answer,” and Formula, Ndii admits as he finds out that there is a follower who is also good at economics.

According to economist Ndii, the economy of Kenya has stagnated for more than three decades.

Could this be the main reason why he decided to Join DP Ruto’s camp?

One follower went on to say, “With that pay, I guess Lux or Palmolive were affordable?”

On his part, Ian answered, “Yes. Days of Lux, Palmolive, Kimbo, Blueband, Cowboy, Tree top, Lady Gay, VOK et al.”

Photo Courtesy
Photo Courtesy

Today, and with the new taxes on commodities, one can spend1k but go home almost empty-handed.

Then, Ksh100 was more than enough, considering that tissue paper was only 3 shillings, 2kg flour was selling at Ksh9.

Another person dropped his comment, “Sweets were all below one shilling… When shillings & cents were actively in use compared to today. Ian, you even had house allowance included in that pay slip & am sure your budget was possible to afford?”

Looking at the prices of commodities and Ian’s house allowance, we can confirm that Ian Mbugua was well paid in 1985.

RELATED STORYProfessor Makau Mutua Confirms Economist David Ndii is a Fraud.

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