{"id":1416045,"date":"2022-04-02T11:29:42","date_gmt":"2022-04-02T15:29:42","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1416045"},"modified":"2022-04-02T11:29:45","modified_gmt":"2022-04-02T15:29:45","slug":"caruzo-socialist-venezuela-raises-minimum-wage-by-1757-to-1-a-day","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/caruzo-socialist-venezuela-raises-minimum-wage-by-1757-to-1-a-day\/","title":{"rendered":"CARUZO: Socialist Venezuela Raises Minimum Wage By 1,757% \u2013 to $1 a Day"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcaruzo-socialist-venezuela-raises-minimum-wage-by-1757-to-1-a-day%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1416045&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p class=\"subheading\">CARACAS \u2014 The socialist government of Venezuela <a href=\"https:\/\/www.bancaynegocios.com\/gaceta-oficial-aumenta-1-757-en-vigencia-desde-este-15mar-nuevo-salario-minimo-de-bs-130-equivalente-a-us302\/\">decreed<\/a> a 1,757-percent minimum-wage raise in the month of March.<\/p>\n<p>While a raise of such magnitude does indeed look good on paper, it instantly falls apart when you realize that it is only roughly equivalent to $30 per month \u2014 or $1 per day on average.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>The raise, which brings the country\u2019s monthly minimum wage from seven bolivars (roughly $1.50) to 130 bolivars, is still below the $1.90-per-day threshold that the United Nations <a href=\"https:\/\/www.un.org\/sustainabledevelopment\/poverty\/\">considers<\/a> extreme poverty.<\/p>\n<p>This is not the first time the socialist regime has raised the minimum wage to a $30 equivalent. In 2018, socialist dictator Nicol\u00e1s Maduro <a href=\"http:\/\/www.elnacional.com\/economia\/maduro-nuevo-salario-minimo-1800-bolivares-soberanos_248422\/\">decreed<\/a> a minimum wage anchored to half the value of the regime\u2019s scam cryptocurrency, the Petro, which it deemed worth $60. That raise did not last long, courtesy of years of rampant hyperinflation and the obliteration of the Venezuelan legal tender that demolished Venezuelans\u2019 purchasing power. If anything, the raise temporarily brings us back to 2018.<\/p>\n<p>The socialist regime also <a href=\"https:\/\/sumarium.info\/2022\/03\/18\/publican-la-tabla-salarial-de-empleados-publicos-venezolanos-tras-el-aumento-de-sueldo\/\">updated<\/a> the wage tables across the public sector. Those with high school education will earn an amount that ranges from $30 to $45 a month, while those with a higher education can earn between $78.70 and $88.24.<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<div id=\"attachment_11628792\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/media.breitbart.com\/media\/2019\/10\/GettyImages-1138758374.jpg\"><\/a><\/p>\n<p class=\"wp-caption-text\"><em>A homeless man looks for something to eat on April 10, 2019, in Caracas, Venezuela. (Photo by Eva Marie Uzcategui\/Getty Images)<\/em><\/p>\n<\/div>\n<p>The raise is hardly sufficient for a Venezuelan to live with ease. The Venezuelan market basket was <a href=\"https:\/\/observatoriodefinanzas.com\/en-enero-2022-la-canasta-alimentaria-aumento-454-en-terminos-anualizados\/\">estimated<\/a> to cost $365 in January of 2022. It would take an entire year\u2019s worth of baseline monthly minimum wage to cover a single month\u2019s worth, and that is excluding any potential extra expenses and expenses such as health, education, and leisure.<\/p>\n<p>If you\u2019re among those like me who are not entitled to the regime\u2019s subsidized gasoline rations (that are hard to come by and involve long queues anyway), then the $30 will pretty much cover a full tank refill and that\u2019s it. Non-subsidized Venezuelan gas prices have been set by the socialist regime at a rate of $0.50 per liter (about $0.13 a gallon).<\/p>\n<p>Public transportation will eat up most of the new monthly minimum wage, if not all. By December of 2021, it was not uncommon to <a href=\"https:\/\/efectococuyo.com\/la-humanidad\/siento-que-trabajo-para-pagar-pasaje-caraquenos-se-quejan-por-tarifas-del-transporte\/\">spend<\/a> up to ten bolivars (roughly $2) in daily bus fares in the city of Caracas.<\/p>\n<p>Private sector wages, which are now majorly dollarized, were <a href=\"https:\/\/www.bloomberglinea.com\/2022\/01\/24\/mas-de-70-de-salarios-sector-privado-de-caracas-se-pagan-en-usd\/\">estimated<\/a> to average $89.10 as of December 2021 \u2013 also falling short of covering the basic food expenses of a family. While Maduro has <a href=\"https:\/\/www.dw.com\/es\/nicol%C3%A1s-maduro-venezuela-abandona-el-estado-de-hiperinflaci%C3%B3n\/a-60310282\">announced<\/a> the end of Venezuela\u2019s hyperinflationary spiral, inflation\u2019s entropy continues to chip away at Venezuelan citizens. According to the Central Bank of Venezuela, Venezuela\u2019s 2022 <a href=\"https:\/\/finanzasdigital.com\/2022\/03\/inflacion-venezuela-febrero-2022\/\">inflation<\/a> has been 6.7 percent in January and 2.9 percent in February.<\/p>\n<p>The substantially reduced inflation rates have not translated into an improvement in the livelihoods of Venezuelans and the stagnation of the exchange rate has diminished the purchasing power of the currency that is holding together the country: the U.S dollar.<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<p>Prices continue to noticeably <a href=\"https:\/\/www.vozdeamerica.com\/a\/venezolanos-se-quejan-precios-siguen-aumento\/6489108.html\">increase<\/a> with each passing week and dollars, whether obtained through remittances or as payment, buy less and less. The reality lived on the streets is different from the official inflation statistics \u2014 that much I can attest to, as well. Monthly adjustments in groceries and food have been the norm of Venezuelan life, such are the effects of permanent inflation.<\/p>\n<p>The elderly pensions were also raised from $1.50 to $30. Right before the announcement of the raise, Venezuelan elders went to the streets to protest the \u201cdeath pensions\u201d that the socialist regime had them living on.<\/p>\n<figure id=\"D-ROS-B2\" class=\"a8d\"><\/figure>\n[embedded content]\n<p>The raise, which was announced shortly afterwards, has not <a href=\"https:\/\/talcualdigital.com\/ni-el-aumento-salarial-aplacara-protestas-de-pensionados-y-jubilados-para-este-9mar\/\">quelled<\/a> the protests of the elderly.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Ahora?src=hash&#038;ref_src=twsrc%5Etfw\">#Ahora<\/a> \u00c9dgar Silva: Es dram\u00e1tica la situaci\u00f3n que est\u00e1n viviendo los adultos mayores en Venezuela. Cu\u00e1ntos han fallecido esperando para cobrar la pensi\u00f3n. Nuestra acci\u00f3n de protesta del 9 de marzo continuar\u00e1 por los pensionados del IVSS. <a href=\"https:\/\/twitter.com\/hashtag\/18Mar?src=hash&#038;ref_src=twsrc%5Etfw\">#18Mar<\/a> <a href=\"https:\/\/t.co\/upehe3a8Yn\">pic.twitter.com\/upehe3a8Yn<\/a><\/p>\n<p>\u2014 Efecto Cocuyo (@EfectoCocuyo) <a href=\"https:\/\/twitter.com\/EfectoCocuyo\/status\/1504829343415087114?ref_src=twsrc%5Etfw\">March 18, 2022<\/a><\/p>\n<\/blockquote>\n<figure id=\"M-ROS-B4\" class=\"a8d adSo\"><\/figure>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\">Barquisimeto se desbordo hoy con la gran marcha en apoyo a los jubilados y pensionados en protesta por los sueldos y salarios. <a href=\"https:\/\/twitter.com\/rodriguezchacin?ref_src=twsrc%5Etfw\">@rodriguezchacin<\/a> <a href=\"https:\/\/t.co\/TRUKezBQhB\">pic.twitter.com\/TRUKezBQhB<\/a><\/p>\n<p>\u2014 Alianza por Venezuela. (@AlianzaporV) <a href=\"https:\/\/twitter.com\/AlianzaporV\/status\/1501880694003449859?ref_src=twsrc%5Etfw\">March 10, 2022<\/a><\/p>\n<\/blockquote>\n<p>In addition to having to be the required age (women must be 55 years old, while men must be 60 years old) to receive an elderly pension in Venezuela, a citizen must also have <a href=\"https:\/\/twitter.com\/ivssoficial\/status\/1073959615962898434\">paid<\/a> 750 weeks\u2019 worth of social security throughout their life \u2014 excluding weekends, holidays, and any vacation time.<\/p>\n<p>Putting this in perspective, the end result of an elderly Venezuelan\u2019s entire life\u2019s hard work and social security payments only netted them $1.50 per month throughout 2021, and $30 per month now.<\/p>\n<p>The socialist regime also continues to assign monthly stipend bonuses through its Fatherland System that <a href=\"https:\/\/morocotacoin.news\/venezuela\/anuncian-1er-bono-especial-carnet-patria-marzo-2022\/\">range<\/a> from seven bolivars to ten bolivars ($1.50-$2.14). Maduro has <a href=\"https:\/\/www.elnacional.com\/economia\/maduro-aseguro-que-espera-llevar-el-salario-minimo-a-300-dolares\/\">stated<\/a> that he intends to increase the monthly minimum wage to $300 in the future.<\/p>\n<p>Protests demanding better wages and demanding the socialist regime respect Article 91 of the constitution \u2013 which states that \u201cevery worker has the right to a salary sufficient to enable him or her to live with dignity and cover basic material, social and intellectual needs for himself or herself and his or her family\u201c \u2013 have <a href=\"https:\/\/twitter.com\/coalicionsind\/status\/1505621384042536966\">continued<\/a> to take place, with a new one scheduled for April 6.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"es\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/20marzo2022?src=hash&#038;ref_src=twsrc%5Etfw\">#20marzo2022<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/20marzo?src=hash&#038;ref_src=twsrc%5Etfw\">#20marzo<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/06abriltodosalacalle?src=hash&#038;ref_src=twsrc%5Etfw\">#06abriltodosalacalle<\/a> Maryuri Maldonado del Sector Administrativo del Ministerio de Educaci\u00f3n desde el estado vargas convoca a protestar el 6 de Abril en la Protesta de los Zapatos Rotos y Cacerolas Vacias. Por un salario Suficiente. <a href=\"https:\/\/t.co\/xoOoWCitmk\">pic.twitter.com\/xoOoWCitmk<\/a><\/p>\n<p>\u2014 coalicionsindicatos (@coalicionsind) <a href=\"https:\/\/twitter.com\/coalicionsind\/status\/1505621384042536966?ref_src=twsrc%5Etfw\">March 20, 2022<\/a><\/p>\n<\/blockquote>\n<p>While Venezuela\u2019s new monthly minimum wage will start in effect on March 30, March\u2019s wages will retroactively receive the raise as well.<\/p>\n<p><em>Christian K. Caruzo is a Venezuelan writer and documents life under socialism. You can follow him on Twitter\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/KalebPrime\" target=\"_blank\" rel=\"noopener external\">here<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CARACAS \u2014 The socialist government of Venezuela decreed a 1,757-percent minimum-wage raise in the month of March. While a raise of such magnitude does indeed look good on paper, it<\/p>\n","protected":false},"author":239,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1416045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1416045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/239"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1416045"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1416045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1416045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1416045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1416045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}