Venezuela’s Interim President Announces Wage Hike

This handout picture released by the Venezuelan Presidency press office shows Venezuela’s interim President Delcy Rodriguez speaking during a national broadcast in Caracas on April 8, 2026. Venezuela’s acting president, Delcy Rodriguez, promised on April 8, 2026, a “responsible increase” in wages, which have been eroded by years of inflation and a dramatic economic contraction over the past decade.   Venezuela’s interim president, Delcy Rodriguez, on Wednesday promised a hike in wages, which have been eroded by years of inflation and economic collapse. Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672569656851-0"); }); The minimum hourly wage in Venezuela is currently equivalent to 27 US cents, with annual inflation exceeding 600 per cent. For ordinary Venezuelans, monthly wages can reach $150 with state-provided bonuses, but that’s hardly enough to cover a family’s basic food needs, estimated at $645. “I announce that on May 1st, we will implement an increase, and that this increase, as we have indicated, will be a responsible one,” Rodríguez said in a televised address, without providing more details. The interim president, in power since the US capture of Nicolas Maduro on January 3, declared that past economic “mistakes” must be “corrected.” Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672569913499-0"); }); She is governing under pressure from US President Donald Trump, who has stated that he is in charge of the country and the sale of its oil.   READ ALSO: Crude Rises, Stocks Fall On Fears Over Nascent Iran Ceasefire Unions and workers complain about “poverty wages” that have been frozen for years. Several groups have called for a demonstration in Caracas on Thursday to reiterate their demands. Advertisement googletag.cmd.push(function() { googletag.display("div-gpt-ad-1672587799169-0"); });   AFP Join Our Whatsapp Channel To join: Simply click on the link below & turn on notifications to get the latest updates Subscribe to Our Newsletter In This Article: Economy Venezuela wage More Stories US Services Activity Growth Cools In March Nigeria’s Agricultural Sector Attracts $167.25m In Capital Inflows US Registers Strong Job Growth In March, Unemployment At 4.3% /* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * / var disqus_shortname = 'channelstelevision'; // Required - Replace example with your forum shortname / * * DON'T EDIT BELOW THIS LINE * * */ (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })(); Please enable JavaScript to view the comments powered by Disqus.

SOURCE: https://www.channelstv.com/2026/04/09/venezuelas-interim-president-announces-wage-hike/