FIGHT FOR FIFTEEN: Maduro raises minimum wage in Venezuela to $6 per month.

The minimum wage was raised from 4,500 to 18,000 Bolivares, equivalent to just $6 in the parallel (unofficial) market, El Pais reported Tuesday. Economist believe that with ongoing hyperinflation, it will lose its value within days. The amount would only be enough to buy about three pounds of chicken, the newspaper noted.

Maduro’s announcement, along with others like greater reserve requirements for banks, are likely to worsen inflationary pressures and contract the economy, Venezuelan economist and opposition lawmaker Jose Guerra told El Pais.

But other than that, it’s a brilliant and righteous diktat.