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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.



5 Responses to “Venezuela Hikes Minimum Wage”

  1. Frank says:

    The tooth fairy only brings 35,000,000,000,000 bolivars today but he’ll bring a lot more tomorrow!

    https://uploads.disquscdn.com/images/04b2d4ad8e06b0062c8b6dbb238b377da1225d06ac2bc146413e2f04ecffd1f3.jpg

  2. Hungjumper says:

    Not surprising when you consider the extent of Maduro’s econ education he learned driving a taxi.

  3. 127guy says:

    Have comrade Bawnie and the Mrs. been down yet for a new year’s visit yet? Many fine dachas available and I’m sure there’s a Chinese restaurant nearby…

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