Wednesday, September 26, 2018

Venezuela Raises Minimum Wage 3,000% and Lots of Workers Get Fired

Since the new minimum wage was announced, business and industry groups in Caracas held a flurry of meetings. Lawyers have been holding advisory sessions with clients, and there have been difficult sit-downs among owners, employees and unions, all players in the nation’s heavily regulated employment economy.
VizcaĆ­no says he can’t let go of workers easily. If they believe they have been fired wrongly, they can complain to a Labor Ministry court, setting off a lengthy bureaucratic process akin to a trial.
Not far from VizcaĆ­no’s auto shop, dozens of workers fired after Maduro’s wage announcement gathered at the Labor Ministry’s doorstep. Many arrived as early as 7 a.m. seeking legal guidance on their dismissals but were prevented from entering after appointment times ran out. Many inspectors had been dispatched to see whether pharmacies, shops and factories closed without permission. Workers anxiously posed questions to officials who told them to come again the next day. Disappointed and confused, many left.

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