Wages in Cuba and a quote from my former Professor of Latin American Politics

Cuba announces increase in wages as part of economic reform

by Associated Press Thursday, June 27th 2019

The beginning:

“Every Cuban has the right to a salary increase,” said Dariel Tejeda, a 28-year-old tour guide. “The country and all the state workers have needed this for a long time.”

and the end:

Ending the dual-currency system is expected to lead to the eventual removal of subsidies and bankruptcy of dozens, even hundreds of state enterprises and the loss of many thousands of public sector jobs. With lower or no subsidies, state companies would be forced to raise prices. For that reason, a state salary increase has long been seen as a key precursor to monetary unification in Cuba.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.