A Venezuelan who has an average income can only buy two cartons of eggs and less than half a kilo of ham per month. The kilo of meat is valued at 420,000 bolivars and you can only buy three kilos of meat per month. This is what laverdad.com reviews
The three-day lunch for an average family of five is for what reaches the new integral minimum wage, which by presidential decree was one million 307 thousand 646 bolivars as of March 1.
The new income reaches to buy three kilos of beef, which is sold in 420 thousand bolivars or two chickens, whose kilo is in Bs. 300 thousand. It would also reach for two cartons of eggs, whose price is around 580,000 bolivars, or for a kilo of leg ham that is on the market at one million 200 thousand bolivars.
And is that the new income barely represents 5.3 percent of the price of the Food Basket that was recorded in January, when it stood at 24 million 402 thousand 767, 10 bolivars, according to the Center for Documentation and Social Analysis ( Cendas) of the Venezuelan Federation of Teachers.
Error without measures
María Carolina Uzcátegui, president of Consecomercio, believes that a salary increase like the one announced should be accompanied by economic measures that stimulate national production.
"It is not good news for anyone (the wage increase) there is clarity in the country that these measures are not accompanied by a real change in economic policies and in stimulation of national production. We must provide greater security on our roads and our transport, in addition to reducing public spending, "he said in an interview with Union Radio.
He stressed that having the ability to buy is what Venezuelans claim throughout the country. "We do not want a wage increase, we want an economy that allows you to plan."
Nestor Ovalles, Minister of Labor, said that the wage increase does not affect the inflationary increase. "We have shown that the increase in the minimum wage, which is a constitutional and legal obligation, does not necessarily affect the inflationary issue or the issue of prices," he said in an interview with VTV. He insisted that inflation induced some " Mafioso prices "that are generated with political reasoning. "They use it as a political and electoral weapon against the State and the people know it"