I wanted to have a lower minimum and a higher average to compare with. The source that shows $24 also shows $14 being the average in smaller companies, and I have also heard about $10 per month salaries being common in some cases, so I just went with what Bloomberg has for the public sector minimum wage.
But as some commenters have pointed out, in such a volatile country the minimum and even a "good" salary may not actually cover your cost of living in the end. So I mentioned in a comment the numbers who would be covering their cost of living if we make higher assumptions.
If we assume $100 per month is the true cost of living, approx 100 Venezuelans earned at least that on the 'spanish' tag in October. If we assume $200, it was at least 25.
Great! Thank you for the detailed answer! Yes, it's true that volatility and rampant inflation makes difficult to calculate the true cost of living, but for the sake of the research I think is fine; the line should be drawn somewhere because nothing could be presented at the end. It could be interesting to make a poll and maybe case studies to go more in depth. Again, great work! !PIZZA !PGM !CTP
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