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.
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.