Maduro announces minimum wage increase by 38-45%
The first rise (20%) would be enforced in May, bringing salary up from USD 325.55 to USD 390.66. The second increase (10%) would be adopted in September, taking the minimum wage to USD 429.73. A final adjustment would be enforced in November by 5-10%, based on inflation
The first 20% would be implemented in May, from USD 325.55 to USD 390.66. The next increase (10%) would be adopted in September, bringing salaries up to USD 429.73. A final adjustment would be enforced in November by 5-10%, based on inflation.
The president in charge also announced the creation of "workers' groceries," aimed at bringing state-run food network Mercal to state-run companies so that workers can directly buy foodstuffs at their workplace.
Likewise, Maduro announced a special plan as part of the housing program Great Mission Housing Venezuela. It will be called Great Mission Workers' Housing.
Further, Maduro announced a special health plan called Barrio Adentro Obrero, aimed at providing healthcare to workers.
A group of some 60 Venezuelan economists from across the country and from different generations and backgrounds, has met regularly in the past couple of years and now has brought forth a document explaining the reasons of the current emergency and outlining specific proposals on how to address the serious economic crisis the country has plunged into over the last three years.