Analysis of the EFE: wages in Venezuela condemn workers to extreme poverty



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July 22, 2018 – 7:25

Photo: Referential

The minimum wage in Venezuela, set by the government, condemns the workers of the country to extreme poverty because it is located 1 $ 20 a day, below the poverty line set by the United Nations (UN).

In the UN Sustainable Development Goals (SDGs), explains that extreme poverty is measured He called on Member States to eradicate this problem by 2030.

Venezuela , the country with the largest proven reserves of oil on the planet, offers The productive sector is an income that keeps you in misery, in the midst of a severe economic crisis, which results in hyperinflation, widespread shortages and the impoverishment of all public services, according to Efe magazine.

is ruled Since 2003, in the South American country, which grants the monopoly of the foreign currency to the state, there are at least two ways to compare the purchasing power of citizens, according to the official rate and according to the parallel market currently defined. Thus, a US dollar costs 144,000 Bolivars since Friday, according to the Central Bank (BCV), so that the full minimum wage – 5 196 000 bolivars – is equivalent to $ 36, almost half of the official relationship between the US currency, and the local currency last month, this monthly amount has been increased four times this year.

In June, the government authorized operations at three foreign exchange houses, which have since bought but they 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 is closest to the price of these days on the illegal parallel market.

C In this complex panorama, the full minimum wage could be calculated in $ 2 per month if the foreign exchange bureau quotation was used, but these traders do not sell foreign exchange and the state recognizes only that. a single rate; the official Dicom.

However, this mechanism, which began in February and consists of the allocation of foreign exchange by auction, stopped reporting so-called "preferential" notes a few weeks ago, and only limited to indicating the official price. . With a minimum wage is not eaten

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

In every respect, more than half of the workers in the Caribbean, who earn the minimum wage, are unable to meet their most basic needs, without mentioning the consequences for single-earner families. monthly.

a worker who works 30 days will not be able to pay at the end of the month not even a kilo of beef which is above the 5,196,000 bolivars, and whose price increases by 2.8% each day in the middle of the Hyperinflationary spiral, For reasons like this, thousands of officials demonstrated for 27 days in Venezuela, in the context of the biggest labor dispute that the head of state, Nicolás Maduro, has been facing since his input function. the power in 2013, and without there being any solutions in sight

The so-called Bolivarian revolution, which has been in power since 1999, was awarded by the UN on food, The crisis of the last five years has taken a turn In this sense, the government has reopened 3,000 canteens, 300 of "nutritional recovery" and 50 other dining rooms served by a "multidisciplinary team".

According to data from the Survey of Living Conditions (Encovi), conducted annually by the country's leading universities, 64% of those surveyed said they lost an average of 11 kilograms in 2017 because impossibility to access food.

EFE

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