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Home»Update»Minimum Wage 2023 in Venezuela: last increase, amounts and what is required

Minimum Wage 2023 in Venezuela: last increase, amounts and what is required

Emmanuel EdetBy Emmanuel EdetMarch 10, 2023No Comments3 Mins Read
Minimum Wage 2023 in Venezuela: last increase, amounts and what is required
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It is known that in several Latin American countries minimum wages increased and in Venezuela they want the same thing to happen and, therefore, the increase is a reality. For this reason, the Government of Nicolas Maduro He has been discussing how much the new salary they seek to implement for this year should amount to. It should be noted that it is known that Venezuelan workers demand a much higher amount of money than what the Government has suggested, since the salaries are not enough for the purchases of the basic basket and that is something that has greatly harmed them in recent years. Continue reading for more information.

Index hide
1 What do Venezuelan workers demand?
2 What does Nicolás Maduro say about the salary increase?
3 How much would the new minimum wage be in Venezuela?
4 IT MAY INTEREST YOU

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.

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“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.

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, 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.”

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