Four Years Without a Minimum Wage Increase in Venezuela: An X-ray of Purchasing Power Loss
On March 15, 2022, the National Executive officially established the monthly minimum wage increase through Decree No. 4,653.
TL;DR
- Official increase to the monthly minimum wage in Venezuela.
- Decree No. 4,653 formalized the increase.
- The increase occurred on March 15, 2022.