EFFECTS OF CRYPTO TRADING ON STAFF JOB SATISFACTION AND PERFORMANCE IN THE ERA OF NON-IMPLEMENTATION OF MINIMUM WAGE IN KADUNA-NIGERIA
MichealEdeh.Ogbu, Ikwuobe, Yusuf, Ph.D., Bernard Onoja.
Volume 5, Issue 2, June 2025
This study examines the relationship between cryptocurrency trading and employee job satisfaction in Kaduna State, with a specific focus on the impact of wage dissatisfaction on employees' engagement in cryptocurrency trading. The study aims to explore how alternative income sources influence job satisfaction and financial well-being among employees, particularly in contexts of economic strain and wage stagnation. The problem statement identifies inadequate income and non-implementation of minimum wage policies as major factors driving employees toward high-risk financial activities like cryptocurrency trading. A review of relevant literature highlights the global trend of cryptocurrency adoption as a coping mechanism for economic challenges, emphasizing its dual potential as a financial opportunity and a source of risk. The study employs a quantitative methodology, using structured questionnaires via Google form to gather data from 500 employees across various sectors in Kaduna State. A regression analysis and chi-square test were utilized using (SPSS v21) to evaluate the data. Findings revealed that 72% of employees engaged in cryptocurrency trading reported higher job satisfaction (average score: 4.2, p < 0.01), while 85% cited wage dissatisfaction as the primary motivator for trading (p < 0.05). Additionally, employees earning below ₦25,000 showed the highest trading participation (90%). The study concludes that cryptocurrency trading significantly enhances job satisfaction by providing supplementary income, yet underscores the risks associated with reliance on such volatile financial alternatives. It recommends implementing minimum wage policies and promoting financial literacy programs to reduce economic stress and mitigate the dependence on high-risk investments like cryptocurrency trading. These findings contribute to understanding how economic reforms can shape employee welfare and productivity.