Skip to main content

Home/ History Readings/ Group items tagged bolivar

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
horowitzza

Venezuela hikes minimum wage 40% -- to $67 a month - Oct. 27, 2016 - 0 views

money.cnn.com/...index.html

minimum venezuela wage month

shared by horowitzza on 29 Oct 16 - No Cached
  • Venezuela's President Nicolas Maduro just increased the nation's minimum wage by 40%.
  • inflation is expected to soar by nearly 500% this year and 1,660% next year
  • Venezuela's minimum wage, including food subsidies, is rising to 90,812 bolivars a month.
  • ...5 more annotations...
  • It is the fourth time Maduro has increased the minimum wage this year. Food stamps and worker bonuses make up most of workers' total "wages" in Venezuela.
  • The raise comes one day before opposition leaders, who want to oust Maduro, planned a nationwide strike of businesses
  • Tensions fired up last week when Maduro denied the opposition party any chance to call a referendum vote on him.
  • On Wednesday, huge protests across the nation called for Maduro to resign.
  • After meeting with Pope Francis at the Vatican, Maduro said he would meet with opposition leaders on Sunday to try to find common ground.
1 - 2 of 2
Showing 20▼ items per page