Venezuela Increases Public Teacher Salaries by 30%

[FAH1223]

According to Education Minister Hector Navarro, Venezuela's public school teachers now earn more than 700% of what they were earning ten years ago, when President Hugo Chávez was first elected.

During a ceremony with Chávez on Tuesday, the general secretary of the national teachers union SINAFUM, Luis Matos, said the salary increase exceeds the normal adjustments to inflation.

Entrance level teachers without a graduate degree will now earn nearly twice the minimum wage, and experienced teachers with a graduate degree will earn three and a half times the minimum wage, said Matos. In real terms, this means entrance level teachers will earn 1,720 bolivars ($800) per month, and the higher level public teachers will earn more than 3,000 bolivars ($1,400) per month.

http://www.venezuelanalysis.com/news/4446

[Jamac_Yare]

you forgot to log on with your Danyeer nickname

[*Nobleman*]

wow nice man. Teachers deserve it. Viva chavez.

[Rabshoole]

I'm guessing those Venezuelan teachers must've been underpaid for many yrs, cus thats half of what teachers here in the US make over a point of two weeks in comparsion to what they make in a month in Venezuele.