Monday, November 13, 2017

Socialism: Venezuela's Minimum Wage Crashes to Under $4 per Month

Socialism: Venezuela's Minimum Wage Crashes to Under $4 per Month:

Image result for flickr commons images dictator Nicolás Maduro"The monthly minimum wage in the socialist country of Venezuela has crashed to under four dollars a month as hyperinflation continues to crush the country’s shattered economy.
Despite dictator Nicolás Maduro’s five minimum wage hikes over the course of 2017, the monthly minimum wage of 177,507 bolivares is equivalent to $3.41, working out at just over two cents an hour, according to latest real value exchange rates."


No comments: