Venezuela's Maduro hikes minimum wage 300 percent

Reuters ^ | January 14, 2019 | by Brian Ellsworth

[Oldeconomybuyer]

CARACAS - Venezuelan President Nicolas Maduro raised the minimum wage by 300 percent to 18,000 bolivars per month, around $6.70, as part of routine wage hikes in an economy suffering from annual inflation approaching 2 million percent.

[keat]

If Maduro had run for Congress from the South Bronx he would have won.

[EvilCapitalist]

This would be our future if God forbid, she were ever to become President.

[Mr. K]

that’ll fix ‘er!

Tomorrows headline:

“Prices increase 300%”

[Cicero]

I just tried to post a photo of a hundred trillion dollar bill, but my internet explorer got screwed up. I don’t recommend visiting their site.

[wildcard_redneck]

Real socialism has ever been tried! /sarc

[Gay State Conservative]

[Kickass Conservative]

This guy must think he is a Democrat Elected to Congress in 2018.

[C210N]

Maybe paper doesn't work too well. Try coinage...

[C210N]

Can’t get over how much 0’ looks like Jerry Lewis as his goofiest on that coin.

[caww]

That’s what you get when you vote for a ‘Bus Driver’ for President.

[Kozak]

Piker.

[econjack]

What's wrong with this picture?

The problem is that no one is trying to rob him. Venezuelan currency is so worthless, there's no point in robbing this guy. Does Dofus think a 300% increase in their wages is actually going to help anything?

[dfwgator]

Ceausescu, in his final speech announced that wages were going to go up across the board.

It didn’t save him.

[mykroar]

And now all their problems will be fixed. See how easy it is?

[Responsibility2nd]

Next up - that AOC chick with big teeth will be calling for a 300 percent increase in the US minimum wage.

[CaliforniaCraftBeer]

[Gay State Conservative]

The problem is that just as many merchants here in the US refuse to accept anything bigger than a $20 bill merchants in Zimbabwe refused to accept anything larger that a $50 billion bill.

[cpdiii]

I worked a few years in Venezuela in the 70s. It was good duty and the Bolivar was as good as the US dollar as it was linked to the US dollar. It was the most prosperous nation in South America and this was “before” the huge increases in the price of oil in the late 70s. The price of oil today adjusted for inflation is actually higher than the mid 70s when Venezuela was doing well.

The government of Venezuela was corrupt and the people became disgusted with it and elected the charismatic communist Chavez. This was the beginning of the end for Venezuela.

Venezuela was no less corrupt than our nation today. When I hear the things that Schumer, Pelosi, Bloomberg, Blasio, Cotez, etc. say it reminds me of Chavez.

[rktman]

Pretty sadly sure she’ll be irritating someone for decades.

[I want the USA back]

He thinks he can force employers to solve the disaster that he created. Won’t work.