Minimum wage in Venezuela is equal to $ 1.20 per day – La República CE



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Caracas (EFE) .- The minimum wage in Venezuela set by the ruling Chavismo, condemns the workers of the South American country to extreme poverty since it is located in $ 1.20 per day, below United Nations (UN) .

In the Sustainable Development Goals (SDGs), the UN explains that extreme poverty is measured by a daily income of less than US $ 1.25 and, as a primary task, called the states to eradicate this problem by 2030.

Today, Venezuela, the country with the largest proven reserves of oil on the planet, offers its income sector an income which keeps it in misery right in the midst of a severe economic crisis that results in hyperinflation, widespread shortages and the impoverishment of all services.

The control of change that has prevailed since 2003 in the South American country No, which grants the monopoly of currencies to the state, has laid at least two ways of comparing the purchasing power of citizens according to the official rate or according to the parallel market that currently defines almost all economic activity. 19659002] Thus, a US dollar since Friday costs 144,000 bolivars according to the Central Bank (BCV), so that the full minimum wage – 5 196 000 bolivars – equals 36 dollars, almost half of the official relationship between the US currency and the local last month when the executive decreed this monthly amount, which has been increased four times this year.

However, also in June the government authorized the operations to three private foreign exchange houses that have since bought but do not sell convertible currencies and where a dollar is paid today in 2 million 500,000 bolivars, 17 times more than the official Dicom and closer to the price of these days on the illegal parallel market. 59002] With this complex panorama, the full minimum wage could be calculated in $ 2 per month if the stock exchange listing was used, but these traders do not sell foreign exchange and the state only recognizes one single rate; the official Dicom.

However, this mechanism, which began in February and consists of a currency allocation per auction, stopped reporting weeks earlier which deserved the "preferential" ratings and was limited to only indicating the official price of the auction. euro and the dollar in Venezuela

The Finance Committee of the National Assembly (AN, Parliament) ensures that the government does not allocate foreign currency to a citizen or a private company, so that almost all imports are made with dollars bought. the parallel market which will later result in more expensive products.

In all respects, more than half of the workers in the Caribbean – who earn the minimum wage – can not cover their most basic needs without mentioning the implications for families with a single monthly income. .

For example, a worker who works 30 days will not be able to pay at the end of the month not even a kilo of beef that is above the 5,196,000 bolívares and whose price increases by 2.8% every day in the middle of the hyperinflationary spiral, according to the Legislative.

For reasons like this, Thousands of public employees have been protesting for 27 days in Venezuela, as part of the biggest labor dispute that the head of state has been confronted with, Nicolás Maduro since taking office in 2013 and without

Whereas the so-called Bolivarian Revolution, in power since 1999, has been awarded by the UN in the field of food the crisis of the last five years has taken a turn in this direction, so the government has reopened 3,000 food houses, 300 "nutritional recovery" and 50 other canteens served by a "multidisciplinary team".

According to data from the Survey of Living Conditions (Encovi), conducted annually by the country's top universities, 64% of those surveyed said they lost an average of 11 kilograms in 2017 for n & # 39; have no access to food. EFE (I)

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