{"id":76927,"date":"2018-01-04T12:46:09","date_gmt":"2018-01-04T17:46:09","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=76927"},"modified":"2018-01-04T14:35:53","modified_gmt":"2018-01-04T19:35:53","slug":"venezuela-maduro-raises-minimum-wage-by-40-percent","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=76927","title":{"rendered":"Venezuela: Maduro Raises Minimum Wage by 40 Percent"},"content":{"rendered":"

\"Maduro\"<\/p>\n

\u201cWe have good news regarding the protection and stability of all the workers,\u201d said Maduro in a televised address. \u201cI am announcing the rise of the national minimum wage by 40 percent for all our doctors and public sector workers.\u201d<\/p><\/blockquote>\n

Breitbart<\/a> is reporting the Venezuelan socialist dictator has raised the minimum wage for the seventh time in order to fight back at a claimed \u201ceconomic war\u201d against the US and other Western powers aligned against his regime.<\/p>\n

The latest raise will bring a basic salary of 248,510 bolivares to working Venezuelans, or about $2.02 USD per month. A food ticket increase worth 549,000 bolivars will bring the total monthly income to around $6.48 USD.<\/p>\n

These hikes will likely only exacerbate the country\u2019s stunning inflation rate by continuing to devalue its currency.<\/p>\n

\u201cAccording to latest figures, inflation rose by a staggering 1,369 percent between January and November last year. The figures were only released by the country\u2019s opposition, as the Maduro regime refuses to publish them.\u201d<\/p><\/blockquote>\n

The country faces hyperinflation, defaulted debts, and US and EU sanctions aimed at the country\u2019s state run oil company and a number of government officials. The country is planning to launch a new currency, the \u201cPetro\u201d based on its natural oil and mineral reserves. <\/p>\n

These resources are worthless while they\u2019re in the ground, and will be extracted by the Venezuelan government, so I don\u2019t expect the Petro to go very far. Seems to me they\u2019ve run out of other people\u2019s money- are you listening, California?<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cWe have good news regarding the protection and stability of all the workers,\u201d said Maduro in … Venezuela: Maduro Raises Minimum Wage by 40 Percent<\/span>Read more<\/a><\/p>\n","protected":false},"author":657,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[238],"tags":[],"class_list":["post-76927","post","type-post","status-publish","format-standard","hentry","category-government-incompetence"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/76927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/657"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=76927"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/76927\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=76927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=76927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=76927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}