An article in the Economist about Venezuela​ stated: "The economy is in such an appalling​ state, and inflation is so​ high, that Venezuelans greeted a rise of​ 60% in the minimum wage on May 1st with shrugs of​ 'so what?'." ​Source:​ "It's Up to the​ Army," Economist​, May​ 6, 2017. What would be a reason why the people of Venezuela would shrug off a rise in the minimum wage of 60​ percent?