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.
Around 1.5 million Venezuelans have decided to emigrate in search of a better future for their families. The figure accounts to between 4% and 6% of the overall population. Approximately 88% of these expatriates have made up their mind to emigrate over the last 15 years.