Venezuela Still Has the Lowest Salary in South America

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The minimum wage, i.e. the basic wage to be received by each worker in relation to dependency, is usually increased annually depending on the socio-economic conditions of each country and factors such as inflation.

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Set at 130 bolivars since 2022, the Venezuelan minimum wage reached the value of one dollar in August, due to the fall of the national currency brought about by the American sanctions. Trade unions denounce a violation of human dignity.