Friday, December 19, 2014

Castro To Pocket 92% Of Worker Salaries From Foreign Companies

If you're a free-market conservative who was under the delusion that ending the trade embargo with Cuba would be a great thing for Cuban workers and open the door to freedom, here's a dose of reality... some food for thought.

(Breitbart) Just one day before President Obama announced sweeping changes that would allow potential American investment in Cuba, the Cuban government apparently had begun preparing itself by announcing new measures that would allow Cubans who work for foreign companies to keep only 8% of their salaries.

In an official announcement in state newspaper Granma, government officials announced a system in which employees who work for corporations with foreign capital will be paid two Cuban Pesos for every Convertible Cuban Peso (CUC) the corporation actually pays them. The Convertible Peso (CUP) is almost exclusively for the use of tourists and is of significantly greater value; one CUC is the equivalent of an American dollar and the equivalent of 26.5 CUPs. The other 24 CUPs Cuban workers will not receive amount to 92% of their salaries.

Granma explains: The payment will now be agreed to with businesses possessing foreign capital taking into consideration the salaries issued to workers in jobs of similar complexity in entities in the same area or sector of our geographic area, the salary scale that is applied in the country (as a reference point) and some additional payments for the corresponding law.

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  1. Birds of a feather flock together - especially when they are communists! When's AMERIKA going to wake up, when it's too late, apparently!

    1. The Hotels paid in hard Dollars to the Regime. They in turn pay the workers in soft cuban pesos. The salary is less than $10 a month. A ration card started when Russia left them [remember Reagan, Gorby etc end of the Evil Empire,
      the items on the ration card do not guarantee you will get them. Neither the quality. Is another of the Big lies of the Castro's and their loving IDIOTS. I do recommend to All of them to go there and stay there.

  2. That's probably what Obama has in mind for American workers. Why else would he want everyone dependent on the free government handouts, but for them to become slaves of the government.

  3. Obama should be taken out before it is too late to recover.

  4. Raul Castro says Cuba will never abandon Communism! Of course they won't. Cuba isn't communist, it is run by a dictator and has been run by one for over 50+ years. Normalising trade with Cube ( Castro) will not help the Cuban people in any way. We, the USA, should NEVER have any kind of trade agreement with any country that holds and tortures "Political Prisoners!"

  5. Hi SOAP, Here's the show reminder you requested.

    By SOAP
    December 18, 2014 - 07:51:00 PM EST

  6. There is no difference between terrorist castro and the fat North Korean terrorist dictator; both are
    Communist .Let not forgets communism murdered more than 200 innocent people!
    stalin+lenin+mao= castro+raul


Posted By: Chris Carmouche