The Daily Journal.— Venezuela’s acting President Delcy Rodríguez said Thursday that increases in workers’ compensation should outpace gross domestic product (GDP) growth starting in 2027, a directive she said she gave to the government’s economic team. “I have asked the economic team to ensure that, starting next year, any increase in workers’ compensation remains above […]
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The Daily Journal. — Months have passed since the U.S. military intervention in Venezuela, yet the promise of improved living conditions for Venezuelans remains unfulfilled. The independent movement of workers, retirees, and pensioners is demanding from the interim administration the same measures it previously demanded from Nicolás Maduro: a general increase in wages and pensions […]
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The Daily Journal.— Labor representatives from Siderúrgica del Orinoco (Sidor) and various productive sectors in eastern Venezuela met in Caracas to consolidate a space for dialogue and present proposals aimed at improving workers’ socioeconomic conditions. The meeting brought together delegates from Bolívar, Anzoátegui, and Monagas states representing 25 industrial sectors. Among the priorities outlined in […]
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Juan Barreto, Director of The Daily Journal for Venezuela and Latin America In recent days, there has been much talk about dollarization. Congressman Antonio Ecarri put forward this proposal, prompting a strong reaction from National Assembly President Jorge Rodríguez. Dollarization is a policy that very few countries have adopted. As you know, there are 192 […]
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The Daily Journal – The debate over restoring purchasing power in Venezuela often becomes trapped in a recurring dogma: the premise that any wage increase inevitably leads to an inflationary spiral or the collapse of the productive apparatus. Neoclassical orthodoxy argues that the State or the private sector does not “have the money” to pay […]
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The Venezuelan currency has lost half of its value against the U.S. dollar so far in 2026, while cumulative inflation has climbed above 100% and wages remain frozen. By Neirlay Andrade Venezuela’s official exchange rate crossed the 600-bolivar threshold on Thursday, marking a milestone that threatens to accelerate the erosion of purchasing power for millions […]
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The debate over formal dollarization in Venezuela continues to divide public opinion as the country struggles with exchange-rate instability and the constant erosion of purchasing power. Economist Manuel Sutherland examines the issue critically, weighing the benefits and costs of abandoning the national currency. Neirlay Andrade The grassroots demand: Why do labor unions want the dollar? […]
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