World Economy

Maduro Raises Minimum Wage Again

Maduro Raises Minimum Wage AgainMaduro Raises Minimum Wage Again

Venezuela’s president hiked the nation’s minimum wage another 60% in response to the country’s ongoing economic crisis, CNN reported. President Nicolas Maduro announced the change on his weekly television show. It’s the latest in a series of hefty increases to the minimum wage that have been issued as the country’s currency plunges in value. Though the wage hike sounds significant, the country’s price of food, goods and medicine is skyrocketing, which has made basic purchases too expensive for many Venezuelans.


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