30 Apr

Article 91 of the Constitution of the Bolivarian Republic of Venezuela (CRBV) and Article 100, paragraphs 1 through 5, of the Organic Labor Law (LOTTT), concerning the increase of the annual minimum

Publicado por Yuyalikgua-orinok - Etiquetas: #Educacion, #Socio Juridica, #Socio político

By: Freddy Marcial Ramos
01/05/2026

Dear readers,

I would like to inform you that within the legal framework governing the increase of the annual minimum wage in Venezuela, specifically Article 91 of the CRBV and Article 100, paragraphs 1 through 5, of the LOTTT; In addition to what is established in the clauses of the various Collective Bargaining Agreements for workers in both the public and private sectors, and in accordance with the constitutional mandate, salaries must be reviewed annually, taking into account the inflation rate, in order to avoid economic imbalances in the family food basket caused by the constant inflationary fluctuations in commercial activity in the market. Historically, the costs of food, medicine, clothing, footwear, public and private medical services, transportation, housing, etc., increase daily in Bs/$ across the country, driven by two largely uncontrolled variables. The first is caused by the Venezuelan State through the Central Bank of Venezuela (BCV), by the daily increase in the value of the dollar. According to some economists, this economic policy controls inflation and stagflation (the coexistence of economic stagnation and an unusual rise in the prices of everyday consumer goods). The second cause is the uncontrolled and unsanctioned speculative trend, which has not been effectively addressed by inflation regulation bodies such as INDEPABIS and others.

According to defenders of Venezuelan state economic policies,
this entire national inflationary abnormality originates from the exchange rate effects caused by the blockade, sabotage, and other economic sanctions imposed by the United States government through the multifaceted war that the US government and its collaborators, members of the entrenched Venezuelan bourgeoisie, have been waging against the Bolivarian Republic of Venezuela since 1999. This sanctioning abnormality, despite violating Articles 2 and 5 of the Charter of the United Nations, which pertain to the sovereignty and independence of the member nations of this multilateral organization, persists.

Fortunately, despite the blockade and economic sabotage imposed by the rogue US government, the Venezuelan government has been signing agreements and contracts with powerful economies such as China, Russia, India, Brazil, Belarus, Vietnam, and other Eurasian countries belonging to BRICS+, to which the Republic of Venezuela sells its flagship industrial products, such as oil, gas, gold, iron, bauxite, aluminum, and other minerals and manufactured goods valuable for the country's industrial development and economy.

Therefore, on May 1st, public and private sector workers, as has historically been the case, expect that the minimum wage, which has been stagnant at one hundred and thirty bolivars (Bs. 130.00) since 2023, will be adjusted to reflect inflation and the actual economic needs of workers.