Women in Venezuela would now need ten days’ worth of minimum wage salary just be able to afford a haircut, latest economic figures reveal.
Despite three minimum wage hikes over the course of 2017, the minimum wage in Venezuela is now 97,531 bolivars a month, equivalent to under $6 a month. Since 2010, the currency has lost over 99.99 percent of its value against the U.S. dollar.
Meanwhile, the price of haircuts in the crisis-stricken country has also risen exponentially in recent months, now costing approximately 30,000 bolivares a month, equal to ten days of minimum wage work.
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