Poverty
Typical wages range from factory worker's 400 non-convertible Cuban pesos a month to doctor's 700. That is around 17-30 U.S. dollars a month. However, the Human Development Index of Cuba still ranks much higher than the vast majority of Latin American nations. After Cuba lost subsidies in 1991, malnutrition resulted in an outbreak of diseases and general hunger. Despite this, the poverty level reported by the government is one of the lowest in the developing world, ranking 6th out of 108 countries, 4th in Latin America, and 48th among all countries. Pensions are among the smallest in the Western hemisphere at $9.50. In 2009, Raul Castro increased minimum pensions by 2 dollars, which he said was to recompense for those who have "dedicated a great part of their lives to working... and who remain firm in defense of socialism".
Read more about this topic: Economy Of Cuba
Famous quotes containing the word poverty:
“To be idle and to be poor have always been reproaches, and therefore every man endeavours with his utmost care to hide his poverty from others, and his idleness from himself.”
—Samuel Johnson (1709–1784)
“Public money is like holy water; everyone helps himself to it.”
—Italian proverb, pt. 5, epigraph, Graham Hancock, Lords of Poverty (1989)
“Poor John Field!—I trust he does not read this, unless he will improve by it,—thinking to live by some derivative old-country mode in this primitive new country.... With his horizon all his own, yet he a poor man, born to be poor, with his inherited Irish poverty or poor life, his Adam’s grandmother and boggy ways, not to rise in this world, he nor his posterity, till their wading webbed bog-trotting feet get talaria to their heels.”
—Henry David Thoreau (1817–1862)