Editorial Team Producer
The lie has short legs by analyzing the rates of inflation between 2008 and 2010, adding the first three months of 2011, according to the BCV (Banco Central de Venezuela), official figures, we see that inflation is a cumulative 89%.
But that's not reality, assuming that a product costing 1.00 BsF December 2007 and applying the respective percentages of inflation year after year, we see that by April 1, 2011, the same product costs BsF 2 20. Ie has a 120% increase compared to its value in 2007, that is the true cumulative inflation rate, according to official data.
Note that the perception of most people is that the BCV data are well below the actual inflation, but ask any housewife who goes to market every week, ask any small or medium employer on costs of raw materials or goods for sale. That is the general perception is that the makeup BCV figures and lies to the sovereign, but that's another subject. Surprisingly
red government decreed increases in salary scales and the tab of central government civil servants and employees of state governments and municipalities, but speaks nothing about how the governors and mayors will pay these increases, but that's another topic . According to the President Hugo Chávez is increasing between 40% and 66% depending on the charges and the ranks, including explicit than the average increase is around 45%. These pay scales are not adjusted since 2008.
Then with a real cumulative inflation according to official data 120%, the regime decreed 45% wage increase, meaning less than half the increase needed to offset inflation.
Very different is the situation of raising the minimum wage, BsF 614.79 in December 2007 BsF 1548.00 jumps to September 2011, representing an increase of 152%, higher than the cumulative inflation of 120% for now missing 5 months, which could mean an inflation rate of order 15% which put us around 135%, still below inflation, but very close.
Of course we welcome the increase to public employees who have given well-deserved increase, since they had to wait three long years to get taken into account, but it is definitely insufficient, without sin there are soothsayers, we are confident that become increasing salt and water, we are confident that the level of labor unrest across the civil service will increase exponentially.
ate inflation and wage growth for some time, mostly State-owned Companies and no box streams to meet their work commitments, needs raw materials and goods for sale, will become sources of instability, recurrent strikes, inefficiency and corruption.
fanatical red
Although not accept the economic disaster and continue to dream of the socialist model of the Bolivarian revolution, are increasingly evaluating the performance of government in their daily life and the gradual reduction of its power to purchase consumer goods. As we have said on other occasions the problem is not Hugo and his combo of flatterers, the problem is the model.
This May 1 jalabolas sycophants and went to Avenida Bolivar to express thanks to the fundamental Leader of the Revolution, who do not share the model, are independent and do not flatter any man Avd focused on the Liberator, to express their condemnation and rejection of the present Government. In 2012 we will see the faces and compare two models of the country, if the Commander President so requires, but we'll see ...
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