Venezuela hikes minimum wage 50% as hyperinflation rages

How did Venezuela get into such deep debt?

How did Venezuela get into such deep debt?

Venezuela’s minimum wage keeps rocketing skyward as the country grapples with insane levels of inflation.

President Nicolas Maduro hiked the minimum wage another 50% on Sunday, the fifth increase in the past year. That sounds like a big raise, but it pales in comparison with the dizzying increases in prices that have made food too expensive for many Venezuelans.

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Economic news – CNNMoney.com

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