On International Workers' Day, hundreds of thousands of workers flooded into the Avenida Bolivar of Venezuela's capital to celebrate the advances of workers' rights under the Bolivarian Revolution, as well as in support of Venezuela's first worker-president, Nicolas Maduro, against mounting attacks from the domestic opposition.
Venezuelan President Nicolas Maduro announced a 30% minimum wage hike on Friday as part of his government's ongoing efforts to support workers amidst economic war and spiraling inflation.
Over a hundred thousand Venezuelans flooded the streets of Caracas on Friday in commemoration of the significant gains for working people under the Bolivarian Revolution. The celebration also witnessed President Maduro approve a sub substantial increase in the National Minimum Wage.
On Thursday, Venezuelan President Nicolas Maduro made a much-anticipated address to the Venezuelan legislature in which he announced slight changes to monetary policies and the need to raise the extremely low cost of gasoline in the country. He also announced a 15% increase in the minimum wage and increased investment in education and housing.
On Monday, Venezuelan president Nicolas Maduro announced his approval of a workers’ proposal to increase the minimum wage by 15% starting December 1st.
Yesterday, President Nicolas Maduro announced a 30% increase in the minimum wage and pensions. For the first time, the Bolivarian government’s May Day increase is less than annual inflation, which was at 57.3% in February, with March experiencing 4.1% inflation.
Venezuela’s minimum wage will rise by a further 10% in November as part of a “defence of the salary” against inflation, announced President Nicolas Maduro over the weekend.
