:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/FXZSBSPMSRGQTCB2NAVGF3ZVSU.jpg "Increase in the Minimum Wage in Venezuela: from when and to whom does it apply?")
Read on for more. The economic crisis in Venezuela It is never-ending and continues to plague the entire llanero country, since low wages make citizens dissatisfied with the Government of Nicolas Maduro and that is why marches, strikes, protests and more joint activities are constantly carried out to make their annoyance known. Today, Venezuela has the lowest salary of all Latin Americaand this was revealed by the ranking of minimum wages this 2023, where Venezuela occupies the last place with an estimated salary of 8 dollars a month.
Likewise, as a result of the protests that exist at the national level, the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecamaras) announced a date with the objective of discussing the new amount of the minimum wage. In this Depor note, find out all the details about the new minimum wage.
How much would the new minimum wage be in Venezuela?
Although the president of the Venezuelan Federation of Chambers of Commerce and Production (Fedecámaras), Carlos Fernández, indicated that the increase in the minimum wage is still a matter of debate, however, it would reach 50 dollars a month.
During a radio interview, Fernández pointed out that it will depend a lot on what scheme the private sector and the public sector are allowed to make the remunerations effective. Likewise, he indicated that a different approach to solutions to the country’s problems should be sought and “stop fighting the issue with monetary policies, but rather with policies to stimulate supply and demand.”
What do Venezuelan workers demand?
Venezuelans who work daily are asking for a series of improvements in their salaries, now it is the trade union centrals that will be in dialogue under the auspices of the International Labor Organization (ILO) and are asking for a minimum wage to be between 200 and 400 dollars for cover the basic basket.
According to information and data from the Center for Documentation and Social Analysis of the Federation of Teachers (Cendas), it is known that a Venezuelan family of five people needed -until last December- an average of 63.24 current minimum wages, that is that is, about 400 dollars, at the current exchange rate, set at 20.52 bolivars per dollar, to pay for the Basic Basket.
“The workers demand salaries and pensions indexed to the cost of the basic food basket. We are not going to accept the agreement between Fedecamaras and the Government that violate our rights to have a decent salary”, said the spokesperson for the Colegio Enfermería dto. Capital, Ana Rosario Contreras.
What does Nicolás Maduro say about the salary increase?
Due to the claims, Venezuelan President Nicolás Maduro called on workers across the nation to take to the streets to protest against the sanctions imposed by the United States. In addition, on Twitter he wrote: “We will always defend the full salary of the workers of Venezuela. We will give birth to the resources to continue investing in health, education and housing”.
However, Nicolás Maduro has not spoken directly about the increase in the minimum wage for public workers and teachers who continue to protest.
