News for hackers. Stuff that matters.
Re:Venezuela on Brink of Hyperinflation by climber_mac on Sunday August 23, 2015 @01:58PM (#10106212)
I am also from Venezuela. He is not lying. He calculated his salary using the black market price of a dollar: 630 bolivares. He earns close to 7000 bolivares, which is minimum wage.

"Working with some guys there" is not as reliable a source as a guy who actually lives and works in the country. You shouldn't have called him a lier.

Re:Venezuela on Brink of Hyperinflation by ced on Sunday August 23, 2015 @02:54PM (#10106393)
Is it common for engineers to earn minimum wage?
Re:Venezuela on Brink of Hyperinflation by bmelton on Sunday August 23, 2015 @04:27PM (#10106648)
Apparently, it's pretty rare for skilled workers to even earn 100% of minimum wage. The median income for Venezuela is approximately 60% below minimum wage. In black market exchange rates, that equates to approximately $2 USD per month.

The maximum surveyed income, according to SalaryExplorer, is 72,000 bolivars per month, which amounts to approximately 10x minimum wage, or around $100 a month.

Given the median though, one assumes that is an extreme outlier.