Once he got into power, Hugo Chávez spared no effort to reverse the neoliberal policies implemented in the 80s and 90s. This meant impressive advances for the Venezuelan working class.
In this 2006 speech, Chávez paid special attention to the Fourth Republic’s policies to increase the precariousness of the workers and favor business interests, particularly by replacing wages with bonuses.
With the economy under merciless US attacks in recent years, the Venezuelan government has favored non-wage bonuses, sparking widespread debate within Chavismo and criticism from trade unions.
Source: Tatuy Tv