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| Caribbean-Latin America |
| Venezuela's Maduro hikes minimum wage as economy struggles |
| 2019-01-15 |
| [Al Jazeera] President Nicolas Maduro raised the minimum wage by 300 percent, the first hike this year. |
| Posted by:Fred |
| #10 Break glass on the emergency box and get out the scientific notation inflation machine! |
| Posted by: Alaska Paul 2019-01-15 18:34 |
| #9 :Heh: Only Barter works in a Socialist Worker's Paradiseâ„¢... |
| Posted by: magpie 2019-01-15 14:42 |
| #8 All the people fleeing Maduro's marxist policies should lower the density of population and thus allow some deflationary effect. Unfortunately it was generally the most market-productive people who escaped, thus lowering the productivity for the economy more that even their (high) numbers would suggest, as workers create wealth they create employment pressure. In short the government is spending vastly more than it can extort. |
| Posted by: Bright Pebbles 2019-01-15 11:22 |
| #7 I was totally wrong! He actually raised it from 9000 Bolivares to 35000 Bolivares. This is a raise from 3 US$ to 12 US$. Tomorrow is another day, of course. Better splurge today. |
| Posted by: European Conservative 2019-01-15 10:15 |
| #6 Zeros adding zeros. |
| Posted by: Mullah Richard 2019-01-15 09:40 |
| #5 Might as well raise it by 100,000%. Still ain't gonna help and people won't be able to pay it. |
| Posted by: DarthVader 2019-01-15 09:15 |
| #4 It won't take a month, but then again he with raise it again! In Weimar Germany the wage you got in the morning was worthless in the evening. |
| Posted by: European Conservative 2019-01-15 08:42 |
| #3 with inflation it's an 80% cut |
| Posted by: Frank G 2019-01-15 07:05 |
| #2 It will be back to $2 in one month. |
| Posted by: Grert Hatrack4838 2019-01-15 07:04 |
| #1 Socialism wins! Minimum wage is now 6 US$ a month! |
| Posted by: European Conservative 2019-01-15 05:27 |