An article in the Economist about Venezuela stated, The economy is in such an appalling state, and

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An article in the Economist about Venezuela stated, “The economy is in such an appalling state, and inflation is so high, that Venezuelans greeted a rise of 60% in the minimum wage on May 1st with shrugs of ‘so what?’” What would be two reasons the people of Venezuela would shrug off a rise in the minimum wage of 60 percent?

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Essentials Of Economics

ISBN: 9780134797731

6th Edition

Authors: R. Glenn Hubbard, Anthony Patrick O brien

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