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Jan 03 2018

Venezuela Hikes Minimum Wage

Great news for the workers of Venezuela: the minimum wage is going up by a whopping 40%!

Of course, there is a slight downside. Inflation has spiraled out of control (possibly topping 2,000% in 2017), and the minimum wage hike will make it even worse, so wages will still be insufficient to buy anything, even if there were anything in Venezuela to buy, with so many shops looted or gone out of business. Also, hardly anyone has a job anyway.

But 40% is a lot! The Democrat Party ought to adopt this as part of its platform.

On a tip from J.



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