And The 'thon Is A Month Old
He has a pen and a phone!
30% ? It should be 100%!
Obama and Maduro should have a summit. They have so many good ideas they could share; perhaps the meeting could be on Devil’s Island.
Let me get this straight. With the stroke of a pen, Obama’s brother is going to raise wages and pensions by 30% to offset inflation, huh? So, by fiat, creating more money to chase fewer goods will help, right?
Did Mundo and Obama go to the same boarding school together? And people keep saying how very smart Liberals are.
When the collapse comes, it will be ugly. The last 15 years under the communists have seen an expanding underclass. When there is no more money to pay for welfare, it will turn very violent.
Maduro should move to Seattle and run for mayor. The current idiot just proposed $15 hour minimum wage for the same Marxist reasons.
And why do you have inflation?
Ceausescu did the very same thing....right before he was overthrown.
A 30% wage increase to protect people from inflation?
Hilarious! This is the way leftists think here in America though.
The minimum wage spiral is a dragon that feeds on its own tail. Supposedly put in place to “mitigate” the ravages of inflation, the minimum wage itself exacerbates the very worst effects of inflation. By pricing itself out of the market, the cost of labor vastly diminishes the demand for the same. Those entrepreneurs that attempt to function in such an environment do not hire replacement workers, but keep on the old experienced workers, thus blocking the young and inexperienced from ever entering the competition for jobs. Or they place ever greater workloads upon the remaining workers, thus keeping productivity up to provide for their continued future existence.
For this, the greater productivity can be rewarded with much fatter paychecks to the remaining workers, but the problem remains of what to do with the young and restless unemployed low-skilled youth, placing ever greater burdens on the social “safety net”, which is soon overloaded and fails.
Then who gets blamed? Certainly not the government, which “compassionately” promised the minimum wage standard.
A promise which cannot be kept. By anybody.
We have a Venezuelan living with us right now. She says it’s pretty bad there. And a lot of endemic corruption and incompetence, so getting things done is pretty frustrating. Also, she says Maduro is not even a “native-born” Venezuelan. He was born in Colombia, so under their Constitution he is not eligible to be President of Venezuela.
Pray for Venezuela, I guess, along with so many other countries on the list.
Wow! Sounds like a plan. But why not free cars, food, houses and health care? Oh yeah, and cell phones.
A view of our future.
30% increase + 60% inflation = still falling 30% behind.
Or don’t they do math in Venezuela?
with a 60& inflation rate that should fix it right up