High rate of inflation and adult workers' productivity in the Southern senatorial district of Cross River State, Nigeria

Abstract

This study investigated high rate of inflation and adult workers‘ productivity in Southern senatorial district of Cross River State, Nigeria. To achieve the stated objectives of the study, four research questions and four research hypotheses were formulated to direct the study. The survey research design was adopted for the study. A sample of 225 was drawn from the population of 2.250 workers using simple random sampling technique. An instrument titled: High rate of inflation and adult workers‘ productivity questionnaire (HRIAWPQ). The hypotheses were analyzed using pearson product moment correlation coefficient and tested at 0.05 level of significance and 223 degrees of freedom. It was discovered that rise of food items, rise of fuel price, rise in transportation and rise in manufacture goods significantly relate to workers‘ productivity. Insecurity in the work place, high inflation rate are powerful factors influencing workers‘ productivity and performance in their workplace. It was recommended among others that the government should reduce the cost of purchasing power of people by regulating market prices to cushion the effect of buying power of the Naira.