From Origin

The Price of a Cup of Coffee in Venezuela Is Up 285614% in a Year

From bloomberg.com

Instead of celebrating minimum wage hikes in hyperinflation-pummeled Venezuela, consumers now run as fast as they can to buy goods before the inevitable price increases.

In other words, higher wages are as much bad news as good news as they simply mean the printing press will run faster at the central bank and businesses will react accordingly.

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