Venezuela raises minimum wage by 30 percent
With the highest inflation rate in the world, the country’s wage increase may do little to improve the quality of life.
Published On 1 May 2014
Venezuelan President Nicolas Maduro has raised the minimum wage and pensions by 30 percent, saying he wants to protect people’s quality of life.
But the increase will make little difference in a country that has the highest inflation rate in the world and functions around the black market.
Al Jazeera’s Mariana Sanchez reports from Caracas.
Source: Al Jazeera