Interim President Delcy Rodriguez promises a wage increase from May 1 to address poverty wages in Venezuela’s hyperinflation economy.
CARACAS: Interim President Delcy Rodriguez has announced a wage increase for Venezuelans, set to take effect on May 1.
The pledge was made in a televised address on Wednesday, though no specific details on the scale of the hike were provided.
Rodriguez stated the increase would be implemented responsibly to correct past economic mistakes.
She has governed since the US capture of former president Nicolas Maduro on January 3.
The current minimum hourly wage in Venezuela is equivalent to just 27 US cents.
Annual inflation in the country exceeds 600%, severely eroding purchasing power.
Ordinary monthly wages, including state bonuses, can reach around $150.
This sum falls drastically short of covering a family’s basic food needs, estimated at $645.
Unions and workers have long complained about frozen poverty wages.
Several groups have called for a demonstration in Caracas on Thursday to reiterate their demands for better pay.
Rodriguez governs under pressure from US President Donald Trump.
Trump has stated he is in charge of the country and the sale of its oil.
