A cup of coffee in Venezuela now costs roughly one-fifth the average minimum wage earner’s salary in the socialist country. Because government-run everything is awesome!
According to a new report, the average minimum wage earner in Venezuela -- which is actually known for producing some of the best coffee in the world -- is so poor, they can’t even afford a cup of joe at their corner café. The Week explains:
Five million Venezuelan bolivars is the equivalent of $1.45. It's also roughly a minimum-wage worker's entire monthly salary in the South American country.
Thanks to stunning inflation, it now takes 1 million bolivars to buy a cup of coffee in a Venezuelan cafe, Bloomberg reports. That's one-fifth of Venezuela's monthly minimum wage, and a 10,000-bill stack of Venezuela's most common bank note, the 100-bolivar bill.
Thanks to the government’s total bungling of pretty much everything, Venezuelan inflation rates have skyrocketed to a stunning 43,378 percent in just the last year. Patients are being asked to provide their own scalpels for surgery as hospitals run out of medical supplies and doctors flee gangs overtaking medical facilities.
In totally unrelated and not-at-all-terrifying news, a 28-year-old socialist who loves government-run healthcare and wealth redistribution just unseated a 10-term Democratic congressional incumbent in one of New York’s most liberal districts, and reportedly has her eye on the White House.
Enjoy your coffee while you can.