Nicolás Maduro increases the minimum wage in Venezuela



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With the increase, workers will go from receiving 250,000 bolivars (about $ 1.45) to 400,000 bolivars ($ 2.33, that is, about 9,460 Colombian pesos) per month, according to the official exchange rate.

The information was released by the Minister for the Social Labor Process, Eduardo Piñate, through his Twitter account, in which he published a statement that was later re-broadcast by other members of the cabinet and by the state channel VTV.

“The minimum wage is increased to an amount of four hundred thousand bolivars,” says the document that also reports the increase, up to the same $ 2.33, of pensions received by almost five million retirees.

The Executive of Nicolás Maduro also decreed the increase in the food bonus for workers, known as the “basket ticket”, which goes from 200,000 bolivars ($ 1.16) to 400,000 bolivars ($ 2.33), although this payment does not generates labor liabilities.

For pensioners, an increase in their monthly bonus was approved, called the “bonus against the criminal economic war”, which amounts to 300,000 bolivars ($ 1.75).

These increases are announced amid an accelerated devaluation of the local currency, which has depreciated 25.15% against the US dollar in the last week alone, the monetary sign with which most commercial operations are carried out. in the country.

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In addition, the Government has launched a new price control mechanism with which it hopes to regulate the tariffs for 27 basic consumer products starting this Monday, a measure that has been rejected by a large number of merchants.

The new minimum wage will also face inflation which, according to unofficial estimates, will close April above 50% after a 21.2% increase in March.

Just to eat, a family requires more than 100 minimum wages since the cost of the food basket is around $ 355, according to estimates from the Center for Documentation and Social Analysis (Cendas).

EFE



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