About the recent 95% increase of the wages in Venezuela. A quick way to explain Hyperinflation, part II (Appendix):
As you can read in this post of the @newsagg headlines of today April 30th, Nicolas Maduro regime increased the minimum wage about 95%.
I wrote a half a week ago about how inflation rates in Venezuela can change significantly from one week to another, citing a declining GDP and an increasing monetary mass due to wages increases.
As an appendix to that post, I want to share this Table:
An evolution on wages - USD convertibility - Inflation/devaluation rates. Period 2017 - 2018.Source
So, salaries have been raised by 25, but inflation has rose by 255. Our income has been reduced by TEN. In just 16 months.
So, expect in the next month or two to Venezuelans having a minimum wage of $1. It's expected to get even worse after the bogus elections in 20 days.
It is our duty to spread the truth. If you agree, i invite you to resteem the post. Let's prevent the world for what could happen if we don't take a stand against the Venezuelan Socialist Tyranny.
The Information War is real.
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