Venezuela’s Crisis: Inflation, Wages, and Economic Reality Explained!
In this thought-provoking podcast episode, we dive into Venezuela’s economic crisis, exploring the devastating effects of inflation and wage stagnation under socialism. Join our experts as they discuss the reality of living costs and the challenges faced by educated job seekers in today’s economy. #VenezuelaCrisis #InflationAnalysis #EconomicDiscussion #SocialismImpact #Podcast #WageStagnation #LivingCosts #EconomicChallenges #HigherEducation #FinancialLiteracy
Venezuela they're eating the dogs They're eating the cats in Venezuela What were people eating they they were Eating anything they get their hands on That's the whole Crux of inflation not Being enough competition or whatever no No being able to do what they want Inflation is that the average everything Costs more from money yeah to food gas And it's pushed up because of several Reasons okay interest rates one of the Main yeah interest rates listen money Money was at years ago my father Borrowed money back in the Christ I Think it was late 7s or early 80s he's Paying 12% interest wow it's not the Interest rate okay it's how much it Costs to live yes okay and so so if the Interest rates are high that's fine but If milk is still 50 cents a gallon You're okay but when you raise when you Raise Wages at the speed that has been raised Even if the federal minimum is still 725 Which it is it doesn't matter because no One's going to pick up a shovel or fork Or a spatula for less than 17 18 bucks An hour and those are the menial jobs Yeah so someone coming out of college Who has a degree in design thinks They're going to make 150,000 a year Coming right out of college they do yeah And no they don't no they don't well They no they think that right they do
But they don't make it no they don't so Bottom line you got a bunch of higher Educated higher skilled unemployed People
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