>CARACAS, Venezuela – Venezuela's president is ordering a 30 percent increase in the minimum wage, the latest move by the socialist government to grapple with high inflation and economic stagnation.
http://www.foxnews.com/world/2016/04/30/venezuela-hikes-minimum-wage-30-percent-amid-economic-crunch.html?
Venezuela already has a 17.1% youth unemployment rate, just imagine how bad it's going to get.
Venezuela just seems like a total shitshow right now.
It's remarkable how being oil-rich can allow such shitty governments to float along for so long.
>>72601550
I fear this is an extreme version of what's going down in America with this 15$ min wage idea
>>72602014
It's the gibs, they controlled the poor with them so those people were uncritical towards the government with regards to sustainability.
>>72602014
There was a Venezuela thread earlier
A Venezuela bro checked in and said that basically everyone who owns firearms in the country supports marxism
Basically if a fair election were held tomorrow, everyone would vote for the most socialist candidate despite what is happening and what they've been through and how eviscerated the economy is
Any right wing uprising would be met by LWDS is the streets
People blame capitalism and the USA for everything that is wrong
lol double down on the failure
>>72601550
>17% youth unemployment.
>Bad
>>72602749
>17% youth unemployment.
by The Venezuelan government's admission
I doubt there is any independent analyses of this statistic
It's probably like 35-45% or more
>raise minimum wage
>people have more money
>this increases spending
>this saves the economy
Uggh I can't even how can you rethuglicans not understand this omg.
Can someone explain this to me?
First they reduce the work week to 2 days a week, and then the minimum wage goes up 30%? Why not just let people work three days a week?
wow. jesus christ. they're trying to dig themselves out of a hole
>>72601550
Jesus Christ, Venezuela...
I's like they realize what the need to fix their problems and then do the exact opposite.
>>72602800
we have 42% youth unemployment
>>72602914
Surely then it's like 75% in Venezuela
I think it's 60% here in US for urban black youth
>>72602800
It would be still less than here. We got 46-55%.
>>72602976
Fuck off
>>72603039
canada should be range banned
>>72603039
>>72603071
they really should
Australia is a joy to interact with by comparison
Canada are all insufferable cunts
>>72602914
>>72603011
how the fuck do your countries still work with statistics like that?
>>72603960
Old people are working and the governments keep raising the retirement age hoping for people to die working (so they don't have to give pensions, since there is no money).
I think it's over 50% in Croatia, also young people go to work in Germany and Ireland.
>>72601550
Toplel.
Bound to fail.
It's amazing that all the government meddling, leading to all the crises, doesn't prompt these people to just say: "we fucked up. We can't do it. We can't manage the economy properly. We give up."
>>72603960
It doesn't.
