CARACAS: Hundreds of Venezuelan workers and pensioners marched Monday for an increase in “hunger” wages as well as pensions frozen for four years and eroded by galloping inflation.
The monthly minimum wage currently equates to around 28 US cents, while annual price hikes surpass 600 percent.
The last wage increase came in 2022 when then-president Nicolas Maduro, ousted in a US military operation on January 3, passed a decree lifting the monthly level to $28. But the value of Venezuela’s currency has plummeted since then.
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