Quote from: happyminer1 on March 25, 2018, 10:18:01 PM

Quote from: STT on March 25, 2018, 02:02:12 PM

Is the monthly wage (minimum) now 5 dollars, that would make most people unable to carry on living. Even in India the poorest make more then a dollar a day for a while now, as I understand it anyway. Sounds like an uncertain situation.

Live is very difficult for the majority of people: https://www.caracaschronicles.com/2018/02/21/encovi-2017/

But the ruffly 5,4 dollars per month are based on a valuation of the minimum wage according to a market exchange rate and not according to purchasing power parities. Some goods are extremely cheap in Venezuela because of subsidies. Those numbers of people living on one dollar a day you mention are based on purchasing power parities.

But again, in January 2018 the income of a family of five with two earners of a minimum wage including food allowances only would cover 9,6% basic needs! (That's based on prices in Venezuela.)

And we have various experts who are very worried about the plight of Venezuelans, specially the poor.

And those experts on petroleum and on Venezuela have coincided on giving their expert opinion on this forum about the PETRO.