Venezuela Announces Another Increase to Minimum Wage

President Nicolas Maduro announced that a 15 percent increase in the minimum wage will take effect in December.

Venezuelan President Nicolas Maduro announced a 15 percent increase in the minimum wage Monday, saying the measure will come into force from December this year.

The Venezuelan leader also announced an increase of 0.5 to 0.75 percent in the value of the food allowances given to employees by their employer.

“I’ve decided to take this proposal that comes from the workers to increase the food voucher from 0.5 to 0.75 UT and decree raising the minimum wage to 15% from December,” he said today during a meeting with public servants in in the Miraflores Palace in Caracas.

Maduro noted that during the 15 years of the Bolivarian Revolution, the national government has decreed a total of 28 salary increases – and average of two per year.

“Increases for workers have been far above the inflation rate in these 15 years… Our government has guaranteed stability for workers, a vital element; rights to income and the great missions (social programs)” Maduro said.

Source: teleSUR English

Leave a Reply

Your email address will not be published. Required fields are marked *