Maduro increases “bonuses” for workers to US$130, with no impact on salaries

The president of Venezuela, Nicolás Maduroannounced this Wednesday a 30% increase – up to US$ 130 – in so-called “indexed comprehensive minimum income”(IMII), paid in bolivars at the official rate on the date of payment and composed of two titles that do not generate labor liabilities.

“I decided to increase the minimum full income of workers to 130 dollars, the minimum, and have an impact (…) on the ability of workers“, said the head of state at an event on the occasion of the International Labor Day.

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He explained that this increase is part of a plan to “optimize“the income that the country obtains through oil and tax collection, with which it hopes”to recover“workers’ remuneration”little by little”.

Likewise, it noted that the resumption of US sanctions on oil and gas in Venezuelain April, aimed to “avoid“Give, this May Day,”another step in the recovery of workers’ income, but they were unable to”.

Although Maduro did not give details about this new measure, the former Minister of Labor and Chavista deputy Francisco Torrealba explained, through X, that the so-called ‘Economic War Title‘ went from 60 to 90 dollars, while the food voucher remains at 40, for a total of 130 dollars.

Meanwhile, the minimum wage remains at 130 bolivars per month, today 3.5 dollars, 88% less than the 30 dollars it was equivalent to when it was last increased, in March 2022, as a result of the devaluation of the local exchange rate. currency against the North American currency, used as a reference for setting prices in Venezuela.

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Maduro blamed the “economic war”of the loss of purchasing power in salaries, which reached 384 dollars in 2008, under the government of then president Hugo Chavez.

The new increase is part of a “bonus policy” rejected by workers, NGOs and opponents, which led, according to unionists, to “Lost yourself”the salary, the basis for calculating labor benefits such as benefits and vacations and for other public sector remunerations.

This Wednesday, hundreds of workers mobilized in Caracas and several regions to demand, among other requirements, a minimum wage equivalent to the cost of a basic food basket, exceeding US$550 per month for a family of five, according to independent estimates.

Source: Elcomercio

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I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.