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His government was also allowed to establish the first minimum wage and salary increases with an enabling act approved by the National Congress. Pérez was accused of excessive and disorderly public spending. [55] Venezuela's external debt grew from $2 billion in 1972 to $33 billion by 1982. [56]
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
The Bolivarian government increased salaries annually for members of the armed forces with a 505% increase in pay between 1999 and 2014. [26] Venezuela's continued economic collapse has drastically curtailed, among other things, its military spending.
The Minimum Salary To Be Upper-Middle Class To be part of the top 20% of the middle class, you need to earn $106,092 and $149,160, — depending on your geographic location — according to a ...
High income 35.40 2018 Guatemala: Central America: Upper middle income 48.3 2014 48.28 2014 Guyana: South America: High income 45.0 1998 35.00 2006 Hong Kong: Eastern Asia: High income 42.00 2016 Honduras: Central America: Lower middle income 48.2 2019 48.10 2021 Croatia: Southern Europe: High income 28.9 2021 28.92 2022 Haiti
In 2014, reports emerged showing a high number of education professionals taking flight from educational positions in Venezuela along with the millions of other Venezuelans that had left the country during the presidency of Hugo Chávez, according to Iván de la Vega, a sociologist at Simón Bolívar University. According to the Association of ...
The average wage is a measure of total income after taxes divided by total number of employees employed. In this article, the average wage is adjusted for living expenses "purchasing power parity" (PPP).
Social security is a human and social fundamental and inalienable right guaranteed by the State to all Venezuelans residing in the territory of the Republic, and all foreigners legally impeached on it, regardless of ability to pay, provided social, work activity, through development, wages, earnings and income, according to the principle of progressivity and the terms of the 1999 Constitution ...