Tuesday 22 June 2021

Venezuela, where it’s more expensive to go to work than it is to stay home

For many Venezuelans, the choice is between going to work in exchange for a few bolivars a day, or looking for less and less products that are sold at controlled prices to be resold on the black market; taking into account that a bus ticket can be worth a full salary.

The integral daily income is 26,583 bolivars (USD $0.13), which cannot even afford a cup of coffee. (Twitter)

In Venezuela, devaluation has made it more expensive to go to work than it is to stay home. Instead of paying for the transportation, clothing, and food they can’t afford, many Venezuelan employees prefer to simply leave their jobs.

- Advertisement -

The same applies to university students, who see the effort of studying as”uphill” since their income can’t cover the cost of studying.
“Just going outside means a huge expense”

A report by AP shows that many Venezuelans decide to not go to work to in an effort to save money. Quitting, it turns out, allows them to stretch their saving longer towards the end of the month; especially those who earn a minimum wage.

“The situation in Venezuela is so serious that many Venezuelans do not go to work because if they do, they lose money. Just going outside means a huge expense” said Hugo Santaromita, a popular radio host, and political analyst, in a tweet.

- Advertisement -

Taking into account that a bus ticket can cost up as much as a full month’s salary, for many Venezuelans the choice is between going to work in exchange for a few bolivars a day or looking for products that are sold at state-controlled prices.

For many, abandoning their professions and taking up side jobs is more profitable than making use of university degrees. A significant number of Venezuelans choose not engage in any type of productive activity and subsist at the expense of some type of government grant.

The integral daily income, equivalent to 26,583 bolivars (USD $ 0.13), barely covers the purchase of a cup of coffee. In Venezuela, the minimum wage is 248,510 bolivars (USD $ 1,2) and food vouchers are worth 549,000 bolivars (USD $ 2,7); a total of USD $ 4 monthly income. A basket of basic needs for a family exceeds 25 million bolivares (USD $ 125).

“How can I convince them to continue?”

Unsurprisingly, the situation has also decreased university enrollment.

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q24N
Q24N is an aggregator of news for Latin America. Reports from Mexico to the tip of Chile and Caribbean are sourced for our readers to find all their Latin America news in one place.

Related Articles

Today’s Covid News: Less than 800 new cases for the first time in two months

QCOSTARICA - For the first time in two months, less than...

First five months of the year reflect recovery of Costa Rican exports

QCOSTARICA - The value of Costa Rica exports increased by 23%...

MOST READ

13 Powerful Home Remedies for Acne

Acne is considered to be one of the most common skin ailments on the planet, with a record 60 million people being afflicted by...

Carlos Alvarado: “Don Rodolfo has my confidence”

QCOSTARICA - President Carlos Alvarado said he has all the confidence in his Minister of Public Works and Transport (MOPT, Rodolfo Méndez Mata, and...

Nathalie Álvarez Mesén’s feature debut, Clara Sola, ready for the Cannes Directors’ Fortnight

Q ENTERTAINMENT (CINEUROPA) Nathalie Álvarez Mesén’s debut feature, Clara Sola, is ready to take part in this year’s Directors’ Fortnight at the Cannes Film...

Weather, friendly locals, cost of living: expats in Mexico, Costa Rica enjoy same things

EXPAT FOCUS (MND) Of course it was no surprise that readers of Mexico News Daily voted Mexico as the No. 1 expat destination in...

Companies covered up defective asphalt

QCOSTARICA - The judicial file of the Cochinilla Case, on alleged corruption in road works, exposes how three companies would have covered up the...

First five months of the year reflect recovery of Costa Rican exports

QCOSTARICA - The value of Costa Rica exports increased by 23% in the first five months of the year, being the highest growth in...

Construction companies that paid alleged bribes would be disqualified for ten years

QCOSTARICA - If it is proven in a final judgment that they did pay bribes to Conavi officials, several companies could be disqualified from...

“Caso Cochinilla”: Name arose when comparing parasite with hidden corruption

QCOSTARICA - On Monday, the Organismo de Investigacion Judicial (OIJ) moved to the raid, seize and arrest of their investigation into corruption of public...

Fifth tropical wave precipitation will be heavier in the north of the country

QCOSTARICA - For this Wednesday, the arrival of the fifth tropical wave of the season is expected, thus reinforcing the rainy activity mainly to...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.