More Money, More Problems: Venezuela’s Minimum Wage Won’t Help Inflation

Hard-working people are watching helplessly as the money in their pockets becomes practically worthless. They wait in endlessly long lines for a chance at purchasing the few goods on the shelves. They look at their savings and their retirement accounts and realize they have no way of recouping their losses. Now, with yet another increase in the minimum wage, workers will have to again worry whether or not their jobs will be there in the coming weeks and months.