In Venezuela, where the minimum wage is approximately 39 dollars a month, a study by non-governmental organizations called the Venezuelan Financial Observatory (OVF) and the Center for Public Studies (CIP) revealed that the amount required for a family of five to survive under minimum conditions is at least $187. .
According to the Center for Documentation and Social Analysis (Cendas-FVM), the minimum amount required to meet the basic needs of a family of five is $471.16 per month.
According to the latest report of the Venezuelan Financial Observatory (OVF) and the Center for Public Studies (CIP), the mandatory kitchen cost per household is calculated as at least $148. In the research, which does not take into account items such as rent, education, health, clothing, 21 dollars for transportation; It is stated that $ 17 is required for telephone services and kitchen gas.
In the report, which stated that this amount increased by 10 dollars in March compared to the previous month, among the products whose prices increased the most, milk powder with 8.4 percent, salt with 7.5 percent, rice with 5.8 percent and pasta with 4 percent. exists.
Among the products whose prices have decreased are grains with 0.9 percent and some vegetables such as onions, garlic, parsley and leeks with 1.1 percent.
Wage workers and retirees are most affected by the crisis.
The report states that with the minimum wage of 175 bolivars per month in Venezuelan currency, a family can access only 9 out of a total of 84 different products that must be consumed within thirty days, and it is noted that it is not possible to adequately feed nearly 6 million people whose salaries are below the minimum wage.
According to the data of the Central Bank of Venezuela (BCV), in the country where inflation was 11.4 percent in the first three months of the year, it is stated that employees in the private sector earn an average of 108.7 dollars.
According to the OVF, workers in jobs that do not require any specialization or experience are paid an average of $100 per month, professionals with a university degree are paid $152.7 and managers are paid $234.7 per month.
Labor organizations state that in the country, whose economy has shrunk by nearly 80 percent in the last 9 years, the sectors most affected by the crisis are salaried workers and retirees.