HCM & HRIS

Venezuela leader hikes minimum wage package by 26%

May 1, 2026
www.ETHRWorld.com
No Comments
  • Published On May 1, 2026 at 10:20 PM IST

< />Caracas: Venezuela’s acting president Delcy Rodriguez on Thursday hiked the minimum wage package by 26.3 percent, to $240, in an attempt to quell growing discontent over difficult living conditions.<br /><br /><!– PROMOSLOT_M –>She did not give a breakdown of the increase, leaving it unclear who would benefit.<br /><br />Venezuelans have in recent weeks repeatedly demonstrated for an increase to wages so low that many struggle to survive in the face of annual inflation of over 600 percent.<br /><br /><div class=” article-detail-ad-slot=”” captionrendered=”1″ data-src=”https://etimg.etb2bimg.com/photo/130682752.cms” height=”442″ loading=”eager” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” width=”590″></img></p> </div> <p>On April 9, police clashed with thousands of protesters who marched towards the presidential palace in Caracas to demand salary and pension increases.</p> <p>The increase announced Monday by Rodriguez is to the “comprehensive minimum income,” a package composed of a very low wage ($0.30 a month) — roughly 330 times lower than the UN poverty line of $3 a day — topped with a food bonus of $40 and an “economic war” bonus of $150 for a total of $190.</p> <p>Rodriguez also announced a $70 increase to the state pension, which she said represented an increase of 40 percent.</p> <p>She acknowledged that it was still “not enough” and promised a “special plan for our grandfathers and grandmothers.”</p> <p>The announcements were met with applause and cries of joy from the crowd in Caracas.</p> <p>But the increases still leave most workers far short of the $677 that a family of five needs to cover its basic food needs, according to Venezuelan analysts.</p> <p>Rodriguez has insisted on the need for “responsible” wage increases that do not cause inflation to further spiral.</p> <p>Yeisi Romero, a 44-year-old local government worker attending the rally, said the increases fell short of his expectations but that “things are getting better.”</p> <div> <div> <ul> <li><a href=AFP

  • Published On May 1, 2026 at 10:20 PM IST

Join the community of 2M+ industry professionals.

Subscribe to Newsletter to get latest insights & analysis in your inbox.

All about industry right on your smartphone!

  • Download the App and get the Realtime updates and Save your favourite articles.

Leave a Reply

Your email address will not be published. Required fields are marked *