Venezuela: Maduro raises the minimum wage by 3,300%

[Skye]

https://www.miamiherald.com/news/business/article216930620.html

I'm sure this will end well:

Old minimum wage: 5,000,000 Bolivars.

New minimum wage: 180,000,000 Bolivars.


Fun fact: I ate a hot dog yesterday. It cost me 5 million bolivars. That's right folks, the monthly minimum wage is worth a small hot dog.

[dead0man]

whew, thank Og, finally Venezuela is saved!  Why didn't they just do this years ago?  Have they tried nationalizing all the important industries? that always works a certain type of person likes to claim.  Perhaps being huge dicks to all the functioning liberal democracies and cozying up to the worst regimes on the planet would help?  Oh, I know!  Price controls have never backfired ever, not once....maybe they could implement those to save the economy?

[True Federalist (진정한 연방 주의자)]

Don't forget Modero's other reform, slash five zeroes from the bolivar, so really that hot dog only cost 50 bolivars.

https://qz.com/1341092/venezuela-is-slashing-five-zeroes-from-the-bolivar/

[dead0man]

it's like they've used every trick in the book of How To Tank Your Economy by Someasshole Tryingtohelp

[MASHED POTATOES. VOTE!]

[hurricanehink]

Watch Venezuela become the first country to switch to all digital currency (with a user ID activated to the user’s DNA). What else is a dictator to do in the Internet age? Maduro can manipulate the currency with the state’s resources (oil).

If the West writ large wanted to stop the regime of Nicholas Maduro (and certain despots in the Middle East) they would stop valuing oil so damn much and switch to self-driving autonomous vehicles on a large scale like... now, so we immediately stop polluting our precious atmosphere. 2040 is too late to enact clean oil standards for vehicles.

TL;DR - Maduro knows how to keep his people happy enough, but that’s only while we’re dependent on oil for our cars.

[○∙◄☻¥tπ[╪AV┼cVê└]

Watch Venezuela become the first country to switch to all digital currency (with a user ID activated to the user’s DNA). What else is a dictator to do in the Internet age? Maduro can manipulate the currency with the state’s resources (oil).

If the West writ large wanted to stop the regime of Nicholas Maduro (and certain despots in the Middle East) they would stop valuing oil so damn much and switch to self-driving autonomous vehicles on a large scale like... now, so we immediately stop polluting our precious atmosphere. 2040 is too late to enact clean oil standards for vehicles.

TL;DR - Maduro knows how to keep his people happy enough, but that’s only while we’re dependent on oil for our cars.

Public transit that you pay to ride is socialism you see, while being able to drive your gas guzzling car for free on roads isn't socialism.

[dead0man]

Public transit that you pay to ride is socialism you see, while being able to drive your gas guzzling car for free on roads isn't socialism.

there is public transit that pays for itself somewhere?  and where do you drive for free at?  I'd like to go there.

[I spent the winter writing songs about getting better]

Watch Venezuela become the first country to switch to all digital currency (with a user ID activated to the user’s DNA). What else is a dictator to do in the Internet age? Maduro can manipulate the currency with the state’s resources (oil).

If the West writ large wanted to stop the regime of Nicholas Maduro (and certain despots in the Middle East) they would stop valuing oil so damn much and switch to self-driving autonomous vehicles on a large scale like... now, so we immediately stop polluting our precious atmosphere. 2040 is too late to enact clean oil standards for vehicles.

TL;DR - Maduro knows how to keep his people happy enough, but that’s only while we’re dependent on oil for our cars.

Uh, no, because people in Venezuela aren't happy at all.

[Sir Mohamed]

RIP Venezuela. If there was a free and fair election in April, this dude would have been toast. I wonder why Drumpf doesn't admire him.

[GM Team Member and Deputy PPT WB]

why do dictators not seem to grasp the concept of inflation?

[Lexii, harbinger of chaos and sexual anarchy]

Watch Venezuela become the first country to switch to all digital currency (with a user ID activated to the user’s DNA). What else is a dictator to do in the Internet age?

You can't do that with an electrical grid that's beyond broken

[Strudelcutie4427]

He's starting to sound like Ceausescu, who made promises to raise everyone's wages when he got desperate. Hopefully Maduro and the Venezuelan regime meets the same sudden end that Ceausescu and the Communist Romanian regime did soon

[Karpatsky]

Public transit that you pay to ride is socialism you see, while being able to drive your gas guzzling car for free on roads isn't socialism.

there is public transit that pays for itself somewhere?  and where do you drive for free at?  I'd like to go there.

public transit is an infrastructure investment; the return is indirect. Expecting it to pay for itself directly as Americans do now is as if all roads were toll roads.

[America Needs a 13-6 Progressive SCOTUS]

Maybe people will actually be able to afford a living now.

Edit: Because people have not been able to figure this out, this post was not a serious post.

[ag]

Maybe people will actually be able to afford a living now.

More like, they might move from malnutrition to starvation now.

[Filuwaúrdjan]

Maybe people will actually be able to afford a living now.

Imagine being so blinkered as to still be defending this cretinous calamity of a regime in 2018.

[Technocracy Timmy]

Maybe people will actually be able to afford a living now.

I hope this is trolling but knowing you you’re probably dead serious.

[America Needs a 13-6 Progressive SCOTUS]

Maybe people will actually be able to afford a living now.

I hope this is trolling but knowing you you’re probably dead serious.

You are incorrect; I was joking in that post, the post was not serious.

[Skye]

Maybe people will actually be able to afford a living now.

Edit: Because people have not been able to figure this out, this post was not a serious post.

Am I the only one who immediately knew this was a joke?

Anyway, things have been getting pretty rough here. Prices doubled during the last week. Kill me now, please.