Venezuela paid a price for insisting on what they want to happen. Increasing the minimum wage is pretty fair for what is going on since the prices of commodities are also going up.
Isn't this what is going on in US as well? Biden announced to raise $15/hour for American employees, this is what is going anywhere in the world. The resources is just not enough anymore.
This wage raise should have happened a long time ago, the people that are in power just got lobbied to not raise those wages because the companies don't want to have workers have more cut on the profits of the company that they are working for. This is not communism, this is human decency in action.