Venezuela's interim president, Delcy Rodríguez, announced that her government has decided to establish a national commission for labor dialogue with the aim of creating a new salary model in the country. This commission will cover the Labor and Social Security Constituent Assembly, with the participation of the state, the private sector, workers, and retirees. She made this announcement in a national radio and television broadcast, according to the Argentine News Agency. In this way, the head of state explained that the proposed model seeks to avoid repeating the 'mistakes of the past,' when 'false salary increases' were announced, which led to the generation of inorganic money, thus worsening the country's inflation. Rodríguez explained that the main task of this commission is to 'allow for the visualization of a new model for Venezuela that must move forward, without blockades or sanctions,' for which she requested maximum collaboration so that the sectors of the commission 'sit down to talk, to dialogue, and from there a consensus can emerge on what model we need to guarantee growth.' The interim president highlighted that Venezuela has faced a decade of blockades and sanctions, 'which produced seven years of loss of value in the gross domestic product (GDP), deceleration, an annualized inflation of six digits in 2019,' among other harms. This led to a 'erosion of the legal concept of salary, both in the public and private sectors,' she assured and expressed her commitment to a 'responsible and progressive' recovery of the salary of Venezuelan workers and the reconstitution of their purchasing power.
Venezuela to create commission for new salary model
Venezuela's interim president, Delcy Rodríguez, announced a national labor commission to create a new salary model, aiming to avoid past mistakes and restore workers' purchasing power amidst economic challenges.