This is the state that raised wages by 40 percent

Venezuela's president, Nicolas Maduro, announced just the last day of the year we left following the rise of the minimum wage in the country with a total of 40%. This decision, which comes in the form of a gift for one of the countries that is probably in the deepest economic crisis in the world today, will take effect since January of this year.

But different economists and experts have come up against this move, as they say it will give a further boost to hyperinflation.

According to Maduros, new adult salaries will protect workers from what he called the economic struggle promoted by Washington with the aim of sabotageing socialism.

And while for Venezuelan people the news is pretty good, economists are terrible. During the January-November period last year, prices rose at a frightening rate of 1369%. Estimates show that inflation may have affected the 2000% rate over the entire year.

To combat this, Maduro has steadily raised the minimum wage but has done the opposite, accelerating inflation, while the depreciation of bolivar has plunged millions into poverty. For almost two years, the Venezuelan crisis has driven the lack of basic products into stores, while the new decision translates into only $7 a month for food.