Arab Today, arab today venezuela hikes minimum wage 30 amid economic crunch
Last Updated : GMT 02:18:28
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Arab Today, arab today

Venezuela hikes minimum wage 30% amid economic crunch

Arab Today, arab today

Arab Today, arab today Venezuela hikes minimum wage 30% amid economic crunch

Venezuela hikes minimum wage 30% amid economic crunch
Caracas - MENA

Venezuela's president is ordering a 30 percent increase in the minimum wage, the latest move by the socialist government to grapple with high inflation and economic stagnation, Belleville News Democrat (BND) reported.

The boost announced Saturday night by President Nicolas Maduro comes after a 25 percent increase on March 1.

The new increase is effective Sunday, which is International Labor Day, and will push the minimum wage to 15,051 bolivars a month. 

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