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With New Wage Increase, Venezuela Braces for Worsening Inflation, Layoffs
Panam Post ^
| 19 August 2016
| Sabrina Martin
Posted on 08/21/2016 3:38:03 PM PDT by fella
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To: blueunicorn6
Throw in everyone with a an “h” or “bernie” sticker or sign as well. Three year tour.
21
posted on
08/21/2016 4:16:08 PM PDT
by
wally_bert
(I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
To: dynachrome
A real edict ala 10-289 from the wun would not surprise me at all.
22
posted on
08/21/2016 4:17:06 PM PDT
by
wally_bert
(I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
To: onona
Hope we have some money for it.
23
posted on
08/21/2016 4:17:32 PM PDT
by
wally_bert
(I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
To: fella
The raise won’t even cover 20% of the cost of the basic food basket, will bring more hunger and misery for our people.
...
This statement exposes the myth that wage increases cause inflation. Even with a totalitarian government in charge, wage increases lag inflation, which is actually caused by currency devaluation that is the result of bad government policy.
24
posted on
08/21/2016 4:17:51 PM PDT
by
Moonman62
(Make America Great Again!)
To: onona
That date should be “never”...
Let South America deal with it...
25
posted on
08/21/2016 4:20:00 PM PDT
by
Popman
(Righteousness exalts a nation, but sin is a reproach to any people. - Proverbs 14:34)
To: fella
It's easy to raise the minimum wage if you inflate the currency. It doesn't increase the standard of living though.
26
posted on
08/21/2016 4:20:09 PM PDT
by
mjp
((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
To: rlmorel
100%, Directive 10-289 will surly follow
27
posted on
08/21/2016 4:22:55 PM PDT
by
Chode
(You Owe Them Nothing - Not Respect, Not Loyalty, Not Obedience, NOTHING!)
To: Chode
EXACTLY, Chode...exactly.
28
posted on
08/21/2016 4:24:37 PM PDT
by
rlmorel
(Orwell described Liberals when he wrote of those who "repudiate morality while laying claim to it.")
To: fella
the country faces the highest inflation in the world Higher than Zimbabwe? Really?
29
posted on
08/21/2016 4:36:12 PM PDT
by
super7man
(Madam Defarge, knitting, knitting, always knitting)
To: fella
All their economic problems are solved.
To: fella
During a national radio and television broadcast, the president said the minimum wage will be set at VEF $22,076 (US $2,218) monthly Take that, you greedy capitalist pigs! You and your pithy little $15/hr demands.
To: mjp
It was very transparent of Zimbabwe to those horse hockey pucks on their money.
32
posted on
08/21/2016 4:59:07 PM PDT
by
fella
("As it was before Noah so shall it be again,")
To: fella
Maduro has bragged in the past about the 14 increases in minimum wage made over the last three years ... A quote attributed to Albert Einstein goes like this; "Insanity: doing the same thing over and over again and expecting different results.
Mr Maduro has never read Einstein and doesn't need to as he is heavily guarded by armed soldiers and is comfortable with where his next meal is coming from. HOWEVER, he may need to read some history, specifically about how many autocrats are killed by someone they trust!
33
posted on
08/21/2016 5:21:01 PM PDT
by
SES1066
(Quality, Speed or Economical - Any 2 of 3 except in government - 1 at best but never #3!)
To: mjp
Noting that the illustration on the Zimbabwe notes resembles a pile of fecal matter, I wonder how much a roll of toilet paper cost and if it would have been better for the notes to have been softer?
34
posted on
08/21/2016 5:24:33 PM PDT
by
SES1066
(Quality, Speed or Economical - Any 2 of 3 except in government - 1 at best but never #3!)
To: blueunicorn6
The government workers and people on welfare trap reminds me of these red necks throwing pig bait in water to see them eaten by alligators as a mean of controling their population. The pig still love the people baiting the and come for it. They only fear the gators but cannot make the connection, thinking it is a natural game.
35
posted on
08/21/2016 6:08:48 PM PDT
by
JudgemAll
(Democrats Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
To: fella
but fails to address that the country faces the highest inflation in the world....
It’s not what you make, its what monetary remuneration for your labor, services or goods will get you in return. US currency is definitely suffering from inflationary devaluing of it’s worth. This government will not track actual inflation. Restaurant meal went from $17.99 to 24.99 in 3 years. That’s 39% in 3 years. Stimulus QE cash bubble burst time.
To: All
Hey, that’s enough money to walk to colombia and buy two packages of TP instead of onw. Yahoo
37
posted on
08/22/2016 8:58:19 AM PDT
by
Pollard
(TRUMP 2016)
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