Venezuela Boosts Minimum Wage by 43% to Quell Growing Protests

 

• Minimum monthly pay raised to the equivalent of $100
• Socialist government pressured by public sector workers

Venezuela raised its monthly minimum wage by the equivalent of more than 40% as protests by disgruntled public workers grow ahead of presidential elections this year.

President Nicolás Maduro said Monday that workers will get a monthly supplement of $60 as well $40 in food stamps on top of the base salary of less than $4. That compares to bonuses equivalent to about $70 before today’s announcement.

https://www.bloomberg.com/news/articles/2024-01-15/maduro-boosts-minimum-wage-by-43-to-quell-venezuela-protests