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Director / Editor: Victor Teboul, Ph.D.
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Venezuela Oil Workers Sell Boots, Uniforms for Food

For decades, jobs at Venezuela’s state-run oil giant, PDVSA, were coveted for above-average salaries, generous benefits and cheap credit that brought homeownership and vacationing abroad within reach for many workers. Now, in Venezuela’s asphyxiating economy, even PDVSA employees are struggling to pay for everything from food and bus rides to school fees as triple-digit inflation eats away incomes. They are pawning goods, maxing out credit cards, taking side jobs, and even selling...


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