Venezuela’s Maduro Hikes Minimum Wage Again, This Time by 275%

Discussion in 'Current Events' started by bear513, Oct 14, 2019.

  1. bear513
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    bear513 Diamond Member

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    That's the answer liberals always have, raise the minimum wage...


    Welcome to a leftys Utopia, coming soon to California..





    Bloomberg - Are you a robot?



    Venezuela’s President Nicolas Maduro ordered a 275 percent increase in the monthly minimum wage on Monday, the third hike this year, as hyperinflation drains the value of workers’ salaries.

    The minimum wage rose to 150,000 bolivars ($8) from 40,000, lawmaker Francisco Torrealba, a former labor minister and close ally to the socialist president wrote on Twitter on Monday. In addition, workers will receive a food bonus of 150,000 bolivars, he added. It’s the second time in a row the announcement has come via a lawmaker, rather than the president.

    Despite the increase, the new 150,000 bolivars wage barely amounts to enough to buy four kilos of meat. Annual inflation in Venezuela is currently running at around 50,100%, according to figures produced by the opposition-led National Assembly. The government does not provide data on price rises. According to Bloomberg’s Cafe Con Leche Index inflation is running at 19,900% annually. Inflation pulverised the vale of the previous minimum wage: 40,000 bolivars amounts to around 2 dollars at the official FX rate.




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    Last edited: Oct 14, 2019
  2. Bo Didleysquat
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    Bo Didleysquat Senior Member

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    Well, clearly we have to invade now, after so fecklessly attempting to topple their govt and put in one of our stooges, again, so recently.

    It is up to america to decide the "democratic" governments and heads of nations in Latin and South America as well as the Middle East. That is after all why we have a military in the first place.
     
  3. Tijn Von Ingersleben
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    Tijn Von Ingersleben Gold Member

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    commie.jpg
     
  4. Godboy
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    Godboy Gold Member

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    You cant deny that if we were to do that, it would instantly benefit the people and in 10 years they would be thanking that we put an end to that madness.

    Do you think the people of Iraq today would rather go back to Saddam? I think not. YOURE WELCOME IRAQ!
     
  5. Silent Warrior
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    Silent Warrior Gold Member

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    Looks like we are already there. Their policies are identical to what the left wants to put in place here. Pelosi, Biden and Sanders must be there to advise them.
     

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