Minister of Labor: 'We are going to deeper, more structural measures regarding salary'
The Minister of Popular Power for the Social Process of Labor of Venezuela, Carlos Alexis Castillo, assured that the recent measures announced by the Executive regarding labor income are of a 'transitory' nature and announced that the Government is preparing new 'deeper and structural' actions related to workers' salaries. During statements [...]
TL;DR
- Venezuelan Labor Minister Carlos Alexis Castillo described recent labor income measures as "transitory."
- The government is preparing "deeper and structural" actions regarding workers' salaries.
- Castillo asked for workers' trust in the current bonus and minimum income scheme.
- The minister clarified that the government does not intend to replace formal salary with permanent bonuses.
- The aim is to gradually move towards a "sustainable" salary system that does not generate inflation.
- This is a first step, with more profound measures to follow.
- The recent announcement increased the minimum integral income to $240 monthly, without changing the official minimum wage.
- This measure has faced criticism from unions seeking a direct salary increase aligned with the basic food basket cost.
- Castillo defended the strategy, arguing that an immediate minimum wage increase could accelerate inflation.
- He stated the government is moving towards "responsible salary increases."