Soft economy slows down growth of high paying jobs

Bigger salaries are usually pegged on performance and come with higher responsibilities. PHOTO | SALATON NJAU

Kenya’s economy produced fewer better paid workers in 2016, reflecting the softening of economic activity and the loss of quality jobs that came as companies trimmed their payrolls to survive the turbulence.

Newly-released economic data shows that only 74,293 or 2.9 per cent of formal sector employees earned more than Sh100,000 per month in the year – meaning the economy added only 2,495 workers to the category of high income earners.

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Note: The results are not exact but very close to the actual.