Venezuela’s Economy Teeters as Government Imposes Wage, Price Controls

President Nicolas Maduro announced a new strategy to restore the economy in Venezuela. The plan includes a 3,000 percent increase in the minimum wage and strict price regulations for more than 20 food products. The higher wages and price restrictions have forced some stores to close. But the government says store owners who don’t comply with the economic plan will be sent to jail. Adriana Núñez Rabascall reports.

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