Workers submit more than 40,000 signatures at Miraflores Palace to demand higher wages

Unions demanded that authorities calculate year-end bonuses based on total compensation, pay benefits to active and retired employees, and negotiate new salary scales. They warned that workers could shut down healthcare facilities if authorities fail to respond. The Daily Journal.- Labor unions representing Venezuela’s healthcare and education sectors submitted more than 40,000 signatures at Miraflores […]

Continue Reading

How much does an industrial worker earn in Venezuela?

The average salary of an industrial worker in Venezuela covers barely 41% of the cost of the basic food basket, highlighting a deep gap between income and the cost of living. Even at large companies, where monthly income reaches US$455, workers earn only enough to cover 63% of what a family of five needs. The […]

Continue Reading

Family Food Basket reached $727.89 in July, Cendas-FVM reports

The Daily Journal.— The Family Food Basket (CAF) cost $727.89 in July, equivalent to 516,804.22 bolivars, according to Óscar Meza, director of the Documentation and Social Analysis Center of the Venezuelan Federation of Teachers (Cendas-FVM). According to the institution’s monthly report, the price in U.S. dollars fell by 3.77%, or $28.56, compared with June. In […]

Continue Reading