A 30 percent rise in the minimum wage, announced by Venezuelan President Nicolas Maduro on Saturday night, may seem like a wholly positive move.

It takes effect, after all, on May 1, International Workers Day.

Yet this, the latest in a series of wage hikes, comes amid rampant inflation and critics say it shows Maduro's utter failure to tackle a deep recession.





==Venezuela leader hikes minimum wage 30 percent amid raging inflation https://t.co/3vT9cWgfR5 pic.twitter.com/I3XWAsJDg6&md…
READ MORE : http://www.euronews.com/2016/05/01/venezuela-more-pay-and-less-sleep-as-economic-crisis-hits-hard

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