Supporters of the government of President Nicolás Maduro take part in a march to commemorate Primero de Mayo (Labor Day) to commemorate the International Workers' Day in Caracas on May 1, 2023. Maduro announced that there will be no increase in the minimum wage, so it remains at 130 Bolivars, however; the president implemented increases in some benefits: Cesta Ticket increases to $40 (indexed) $20 war bond (indexed) plus minimum wage. PEDRO RANCES MATTEY/GETTY IMAGES
Venezuela faced an economic disaster. Wages have stagnated, the currency is diving and inflation again becoming a headache for millions in the troubling country.
Meanwhile the opposition has yet to find a candidate credible to challenge the government of President Nicolás Maduro, the successor of former president Hugo Chavez, in upcoming elections.
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