Karl Kramer

Venezuela’s Maduro Hikes Minimum Wage Again, This Time by 275%

October 14, 2019 Venezuela’s President Nicolas Maduro ordered a 275 percent increase in the monthly minimum wage on Monday, the third hike this year, as hyperinflation drains the value of workers’ salaries. The minimum wage rose to 150,000 bolivars ($8) from 40,000, lawmaker Francisco Torrealba, a former labor minister and close ally to the socialist

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Target accidentally proves the case against the $15 minimum wage

October 15, 2019 In 2017, the retail giant Target made headlines for announcing plans to gradually increase its minimum wage to $15 an hour. Naturally, the company won widespread liberal plaudits for its supposedly pro-worker stance. Years later, though, the wage rise has led to nothing short of a disaster. New reporting from CNN Business

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