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HarambeLivesOn

Maduro's huge salary increases force 40% percent of Venezuelan stores to close

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http://www.fltimes.com/tns/international/maduro-s-huge-salary-increases-force-percent-of-venezuelan-stores/article_c1492765-34d4-55dc-87bb-ec97b8abe142.html

 

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Nearly 40 percent of all Venezuelan stores have closed —some of them perhaps permanently —after the government of President Nicolas Maduro increased the minimum salary by nearly 3,500 percent in one fell swoop, according the National Council of Commerce and Services of Venezuela.

Many of the companies, which had been barely surviving the gradual collapse of the economy, saw the salary increase and other changes announced last month as the fatal blow in a series of policies that have been gradually strangling their businesses.

"These decisions are leading many business people to say, 'No, I can't do it any more,'" said Maria Carolina Uzcategui, president of the council.

 

The problem is that Venezuelan companies are being forced to sell at prices far below cost just as employee salaries are increasing 60 times, Uzcategui said.

What's more, the regime has banned stores from increasing their prices to cover the salary increases, arguing that it is not necessary.

If they do increase prices, store owners or managers can end up in prison, Uzcategui said.

"We have inspections, and they force us to sell at last month's prices," she said. "That takes money away from the business because of the hyperinflation, when you can't even sell at yesterday's prices because you lose money."

"And anyone who protests against these measures runs the risk of going to jail, without the right to appeal, without the right to anything, simply because the official whose turn it was to inspect the store just felt like arresting you. He did it, and that's all," she said.

 

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sounds like concentrating wealth is a problem.  We should be warned by this and use socialist policies to make sure wealth is shared - not consolidated.

With the US not experiencing hyper inflation we should be able to have minimum wage to keep pace with our inflation our wealth gap shows we have a lot of room to pay higher salaries and not cause companies to collaspe.

Edited by Fryfan
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1 minute ago, The NFL Shield At Midfield said:

so this is what we have to look forward to if the democrats win the house back huh

The US can afford tax cuts.   It can not afford a minimum wage hike.  Why?  Venezuela.

 

 

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10 minutes ago, HarambeLivesOn said:

#EndUSHegemony/HumanRightsAbuse

#EndUSEconomicSanctionsAgainstVenezula

#EndSlaveWages

#EndTheOligarchy

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The political opposition, including lawmaker and economist Jose Guerra, says there is no economic war. There are only years of socialist mismanagement and failed policies benefiting political elites, who are taking advantage of a country that is drowning in oil.

At an upscale restaurant in an area called Las Mercedes, there are pasta dishes that cost anywhere from 4,000 to 9,000 bolivars. A worker earning the minimum wage in Venezuela would have to spend more than half his monthly salary to eat here.

But, says Tulane University sociologist David Smilde, an expert on Venezuela who joins me at the restaurant, if you have access to U.S. dollars, the cost of a meal would be $8 or $9 — "quite a deal for a gourmet pasta."

So those who are paid in petrodollars — opposition business people or political elites from the ruling socialist party — can afford to eat here.

"There are people for whom this is the best of times, because things are very cheap and people can go out to dinner every night," Smilde says. "The rest of the country has no chance of affording a place like this."

And the restaurants catering to the dollared class can afford the high black market rates to get the things they need, which is why they can offer pasta and milk for coffee. Ordinary people — most of whom live in poverty — don't have the money for scarce goods, which is why they wait in long lines for subsidized staples.

 

https://www.npr.org/sections/parallels/2016/07/07/485058730/venezuelas-economic-implosion-exacerbates-inequality

 

 

Perhaps we make sure our working people make a living wage to AVOID mistakes made in Venezuela.

 

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Who cares if it costs them their jobs?  He can blame the mean old greedy business owners who wouldn't pay what these employees were clearly worth.  Now they can become wards of the govt, creating a nice entitled voting block. Its almost like he's been watching MSNBC. 

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7 minutes ago, tondi said:

Who cares if it costs them their jobs?  He can blame the mean old greedy business owners who wouldn't pay what these employees were clearly worth.  Now they can become wards of the govt, creating a nice entitled voting block. Its almost like he's been watching MSNBC. 

Oil profits were concentrated among the elite, and yes during high times the government was able to keep the working class afloat.  

 

Oil crashes the elites horde and the working class gets the shaft.  You know what the working class is getting from having jobs?   NOT enough to live - they have to steal to meet basic needs.  

 

 

Edited by Fryfan

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As someone who actually lives in Venezuela, this is not a socialism vs capitalism question.

There is no government here. The country is run by a criminal mafia. They don't care if people die, or leave. It's only about staying in power and continuing to steal what little wealth is left in the country.

Mas nada.

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5 minutes ago, Marguide said:

As someone who actually lives in Venezuela, this is not a socialism vs capitalism question.

There is no government here. The country is run by a criminal mafia. They don't care if people die, or leave. It's only about staying in power and continuing to steal what little wealth is left in the country.

Mas nada.

thank you for the insight

for some background, OP is very insistent and steadfast in his belief that a switch will be flipped and the US will turn into venezuela overnight if we raise our minimum wage or expand medicare to everyone.

Edited by The NFL Shield At Midfield
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1 minute ago, The NFL Shield At Midfield said:

thank you for the insight

OP thinks a switch will be flipped and the US will turn into venezuela overnight if we raise our minimum wage or expand medicare to everyone

I think it's insane that the US doesn't have free universal health care.

The richest country on earth cannot spend money on the most basic need of human beings. That's a disgrace in my opinion.

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i just have one thing to say to the libtard socialists.

 

 

vuvuzela

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12 minutes ago, Marguide said:

I think it's insane that the US doesn't have free universal health care.

The richest country on earth cannot spend money on the most basic need of human beings. That's a disgrace in my opinion.

the thing that's funny and sad at the same time is that the notion of medicare-for-all polls well across the political spectrum.  the right wing messaging about the issue is just so incredibly pervasive and effective that it doesn't translate to actual votes.

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