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Venezuela's Maduro to raise minimum wage
BBC News ^ | November 4, 2014

Posted on 11/08/2014 8:21:50 AM PST by Oldeconomybuyer

Venezuelan President Nicolas Maduro says he will increase the minimum wage by 15% starting in December.

The raise, the third this year, comes amid an annual inflation rate of 63.4%.

Mr Maduro said the measure and other benefits meant workers would be better off despite the inflation, which he blamed on an "economic war" the opposition were waging against him.

Mr Maduro says Venezuela's economic problems are created by a greedy elite which lives off the profits of smuggling and selling goods at inflated prices.

(Excerpt) Read more at bbc.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: bitcoin; cryptocurrency; economics; marxism; nicolasmaduro; socialism; venezuela
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Mr. Maduro blames "greedy elite".

Mr. Obama blames the Koch brothers.

1 posted on 11/08/2014 8:21:50 AM PST by Oldeconomybuyer
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To: Oldeconomybuyer

What a swell guy!!


2 posted on 11/08/2014 8:23:54 AM PST by albie
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To: Oldeconomybuyer

Those central planners are so smart!!


3 posted on 11/08/2014 8:24:34 AM PST by PGR88
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To: Oldeconomybuyer
Great idea, boost up the minimum wage and get rid of all the restaurants and low profit businesses.

You know why they are doing this don't you? To have the government be the only business; Think Communism.

4 posted on 11/08/2014 8:26:12 AM PST by sr4402
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To: Oldeconomybuyer

Tell us how that works out for you.


5 posted on 11/08/2014 8:27:59 AM PST by Texas Eagle
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To: PGR88

Awesomeness! Has the demand for plane tickets to Venzeralea jumped with all those “We DEMAND $15.00/hr” choosing to move there now that the wages will be better there? Okay. Here you go. Here’s your $15.00/hr wage. And here’s your pink slip because we just installed a machine that can do your job and won’t be complaining as much. Buh bye.


6 posted on 11/08/2014 8:30:29 AM PST by rktman (Protected "their" rights by serving in the Navy so they can now try to infringe on mine. Weird huh?)
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To: PGR88

Now people will have even more money to give to the greedy elites! /S


7 posted on 11/08/2014 8:31:24 AM PST by smokingfrog ( sleep with one eye open (<o> ---)
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To: Oldeconomybuyer
Mr Maduro says Venezuela's economic problems are created by a greedy elite which lives off the profits of smuggling and selling goods at inflated prices.

Uhhhh, Mr. Maduro, a question from the back of the re-education camp, if you don't mind. If you pay people more money to spend, won't the greedy elite just raise their prices?

8 posted on 11/08/2014 8:31:59 AM PST by Texas Eagle
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To: sr4402
You know why they are doing this don't you? To have the government be the only business; Think Communism.

One article I read said that the Idiot before this current idiot, invited over 30,000 Cubans (communist) into the country for various positions. All this crap is right out of the communist playbook. The Cuban elites want to bleed Venezuela of everything they can. Thank you JFK.

9 posted on 11/08/2014 8:33:27 AM PST by VRW Conspirator (Es Mi Partido, Ahora!)
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The FReeptown FReepathon Keeps Chugging!

Come Along And Donate!

10 posted on 11/08/2014 8:33:57 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: Oldeconomybuyer

Yeah, sure, that’ll fix everything...


11 posted on 11/08/2014 8:34:23 AM PST by uncitizen
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To: Oldeconomybuyer
Where is the Venezuelan military in all this?
Are Venezuelans too lazy or too dumb to stage a good old-fashioned military coup? Come on, muchachos, Kick the stupid SOB's bus driver ass and start again. Nothing here a few shots can't straighten out.

With our lax southern border and wide open illegal immigration, South Americans appear more eager to jump ship and head for Miami, rather than straighten out their quaint and colorful countries. Maybe it's time for the King of Spain to take over again. Couldn't be worse than the CHICOMs this Maduro cabrón is bringing in!

¡Oye soldado perezoso, despiértate!

12 posted on 11/08/2014 8:35:12 AM PST by Kenny Bunk (Now all the Republicans need is a PROGRAM, A PLAN, and a LEADER!)
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To: Oldeconomybuyer

Its the rich. They’re always at fault!

Nicholas Maduro’s communist policies have impoverished Venezuelans.

His answer is more of the same - class warfare, rationing and bribing people to go along with a system that doesn’t work.

He’s moving the chairs around on the deck of the Titanic.


13 posted on 11/08/2014 8:35:42 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: Kenny Bunk

It really says something that Hondurans, Nicaraguans, and El Salvadorans would rather come here on the death train than go there and stay fairly local.


14 posted on 11/08/2014 8:44:29 AM PST by Bogey78O (We had a good run. Coulda been great still.)
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To: VRW Conspirator

A friend married to a Venezuelan girl confirmed that; many of the positions of power have been filled by Cubans. He made sure they didn’t speak English around police, and they won’t be going back to visit; now their focus is getting her relatives out. Like Cuba itself, Venezuela is emptying of “creoles” (Spanish-descended whites).


15 posted on 11/08/2014 8:48:42 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: VRW Conspirator
The Castro Brothers unload people wherever they can. Food is in very short supply in Cuba, once a major food EXPORTER. Now all they export is Marxism andd Marxists. In exchange for being subverted, Venezuelans also supply cheap oil to Cuba. The Cubans, a lot of them medical personnel on paper, are also a revolutionary cadre and advise Venezuelans on how to be good comrades.

Now get this, since only US owned refineries can presently handle much of Venezuela's heavy crude, the Venezuelans actually import lighter oil stocks to thin their crap and make it easier to refine. Yes, Venezuela under Maduro imports ...OIL! The CHICOM handle this and are building the refineries.

Incidentally, Maduro's war on the middle class has strong racial overtones. The refugees from this cacadero will be the white (er) middle and upper classes, leaving no one to manage anything. You think they are starving now? Wait six months.

16 posted on 11/08/2014 8:52:47 AM PST by Kenny Bunk (Now all the Republicans need is a PROGRAM, A PLAN, and a LEADER!)
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To: goldstategop
Nicholas Maduro’s communist policies have impoverished Venezuelans.

And yet they cry for more while, at the same time, bemoaning their fate.

17 posted on 11/08/2014 8:56:21 AM PST by Paine in the Neck (Socialism consumes EVERYTHING)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

> he will increase the minimum wage by 15% starting in December... amid an annual inflation rate of 63.4%.


18 posted on 11/08/2014 9:11:15 AM PST by SunkenCiv (https://secure.freerepublic.com/donate/_______________________Celebrate the Polls, Ignore the Trolls)
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To: Oldeconomybuyer
Maduro foot. Ha!
19 posted on 11/08/2014 9:12:32 AM PST by vetvetdoug
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To: Oldeconomybuyer

So, in the oil-rich marxist paradise, minimum wage is $50 bucks a month.

Thats just awesome.


20 posted on 11/08/2014 10:04:47 AM PST by marron
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