Venezuela President Nicolas Maduro hikes wages amid protests

Maduro said on his yesterday television show that the minimum wage will rise 50 per cent starting this month.   

Published: 03rd July 2017 09:50 AM  |   Last Updated: 03rd July 2017 09:50 AM   |  A+A-

Venezuela President Nicolas Maduro (centre). (File Photo | AP)

By PTI

CARACAS: Venezuelan President is hiking salaries as he tries to overcome major protests and rally support for his plans to rewrite the constitution.    

Maduro said on his yesterday television show that the minimum wage will rise 50 per cent starting this month.     

Workers will earn at least 250,000 bolivars per month including food subsidies, or less than USD 35 at the black market exchange rate.     

It's the third wage increase this year as triple-digit inflation erodes workers' savings.     

At least 80 people have died during the past three months of protests seeking Maduro's removal. The demonstrations gained intensity after Maduro called for a special election to choose delegates to rewrite the constitution in a poll that opponents say heavily favours the unpopular socialist leader.

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