New Venezuelan Remuneration Scheme 2023 Perception of the labor sector in Ciudad Guayana

Abstract

Venezuela has been facing a serious political, economic and social crisis that has had a significant impact on citizens' salaries. Hyperinflation has been one of the main challenges, which has led to a constant depreciation of real wages, losing their purchasing power, with the consequences that this causes at the level of society. To solve this reality, one of the recurrent measures of the national government has been through adjustments to the minimum wage to try to improve income and to address the high costs of living, which can be evidenced in the seven increases made. in 2017 and 2018