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2019-01-15 Caribbean-Latin America
Venezuela's Maduro hikes minimum wage as economy struggles
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Posted by Fred 2019-01-15 00:00|| || Front Page|| [7 views ]  Top
 File under: Commies 

#1 Socialism wins!
Minimum wage is now 6 US$ a month!
Posted by European Conservative 2019-01-15 05:27||   2019-01-15 05:27|| Front Page Top

#2 It will be back to $2 in one month.
Posted by Grert Hatrack4838 2019-01-15 07:04||   2019-01-15 07:04|| Front Page Top

#3 with inflation it's an 80% cut
Posted by Frank G 2019-01-15 07:05||   2019-01-15 07:05|| Front Page Top

#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||   2019-01-15 08:42|| Front Page Top

#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||   2019-01-15 09:15|| Front Page Top

#6 Zeros adding zeros.
Posted by Mullah Richard 2019-01-15 09:40||   2019-01-15 09:40|| Front Page Top

#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||   2019-01-15 10:15|| Front Page Top

#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||   2019-01-15 11:22|| Front Page Top

#9 :Heh: Only Barter works in a Socialist Worker's Paradise™...
Posted by magpie 2019-01-15 14:42||   2019-01-15 14:42|| Front Page Top

#10 Break glass on the emergency box and get out the scientific notation inflation machine!
Posted by Alaska Paul 2019-01-15 18:34||   2019-01-15 18:34|| Front Page Top

23:46 Zenobia Floger6220
23:46 Hupaick Henbane5752
23:26 Groluque Gray4889
23:26 magpie
22:19 SteveS
21:23 Fat Bob Glaise8594
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20:41 ruprecht
19:46 Frank G
19:35 magpie
19:25 AlanC
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19:01 magpie
19:01 Mullah Richard
18:48 Zhang Fei
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18:37 Alaska Paul
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18:01 European Conservative
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