Facing Rampant Inflation, Venezuela's President Hikes Minimum WagePlay
Last weekend, Venezuelan President Nicolas Maduro raised his country's minimum wage by 30 percent. It's the twelfth such increase since Maduro succeeded Hugo Chavez three years ago. But his critics say the wage increases do little to fight the skyrocketing inflation that has caused economic chaos in Venezuela, where there are long lines for basic supplies and smuggling has become a popular vocation.
Here & Now's Jeremy Hobson speaks with Girish Gupta, a Reuters journalist based in Caracas.
- Girish Gupta, Reuters journalist based in Caracas. He tweets @jammastergirish.
This segment aired on May 3, 2016.