On May 1st, known as International Workers’ Day in Latin America, Venezuelans welcomed the announcement of a 30% increase in the minimum wage. Workers in this country now earn the highest incomes in the region.
The wage increase is part of efforts by the Venezuelan government to eliminate poverty by using the country’s oil wealth to stimulate long-term human development. The right to free healthcare and education are now guaranteed in the constitution. These efforts have made Venezuela one of few countries in the region that is on track to achieve the UN Millennium Goals by 2015.
Want to know more? Watch this news report on the wage increase: