Venezuela raises minimum wage 40 percent, stoking world’s fastest inflation

CARACAS: Venezuelan President Nicolas Maduro announced a 40 percent increase to the minimum wage as of January, a move that will foment what many economists already consider hyperinflation in the oil-rich but crisis-stricken nation, reported Reuters. In his televised year-end address, leftist Maduro said the new wage level would protect workers against what he calls...

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