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POLITICS

Venezuela to raise minimum wage despite economic crisis

January 1, 2018

Safi Bello

BBC News ---------- Venezuela is set to raise its minimum wage by 40%, in a move expected to worsen already high levels of inflation. The country is suffering from an economic crisis in which shortages of food and medicine are common. Venezuela's economy has been hit by falling oil revenue and the plummeting value of the Bolivar. President Nicolas Maduro announced the wage increase in his end-of-year address. To learn more click on the picture below to read the article.