VOICED : Maduro aumenta 40% salario minimo previo a huelga general

VOICED : Maduro aumenta 40% salario minimo previo a huelga general

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Interactive Video

Social Studies, Business

9th - 12th Grade

Hard

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Venezuelan President Nicolás Maduro announced a 40% increase in the minimum wage, bringing it to 90,911 bolívares, approximately 138 dollars. This marks the fourth salary adjustment of the year, totaling a 454% increase. Maduro claims the new wage surpasses inflation, although official inflation figures have not been released since 2015. The IMF projects inflation at 457% for the year. The announcement comes a day before a 12-hour general strike organized by the opposition to demand Maduro's resignation. The government has stated it will not tolerate pressure tactics. Maduro confirmed his attendance at a formal dialogue table sponsored by the Vatican and UNASUR.

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3 mins • 1 pt

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