MercoPress, en Español

Montevideo, January 22nd 2022 - 02:47 UTC

Tag: Salary increase

  • Thursday, November 11th 2021 - 09:07 UTC

    Venezuelan workers demand better salaries

    “It is exploitation by the government,” Zambrano insisted.

    Venezuelan workers Wednesday took to the streets Wednesday to demand a change in the country's policies together with better pay for them and their families.

  • Tuesday, January 2nd 2018 - 10:20 UTC

    Hyperinflation that degrades any salary increase

    There was registered an increase in the price of more than 100% of several foods this month, some of which exceeded their cost by 1,500% in the course of 2017.

    A new salary increase arrived to Venezuela -the seventh in a year-, but the purchasing power of Venezuelans continues insignificant compared to the high price of low supply due to hyperinflation. While it is not possible to slow down the variation of prices in the different products of the basic basket, any wage increase is insufficient and exacerbates the problem. In one year, salary increased 511%, while inflation in 2017 closed at 2.735%, the highest in the world.