40% Of Venezuela Stores Go Bust After 3,000% Minimum Wage Hike

The “dream” of socialism has once again collided with the realities of economics, after nearly 40% of stores in Venezuela have been forced to close following a mandated 3,000% increase in minimum wages by the Maduro government, according to the Miami Herald , citing the National Council of Commerce and Services of Venezuela.

Source: 40% Of Venezuela Stores Go Bust After 3,000% Minimum Wage Hike

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