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Less Salary and Less Employment 3.6% of Registered Employment Has Been Lost Since Milei Took Office

Summary by Página/12
The data from the insurance system for the month of April show that in the year and a half since November 2023, formal employment and average wages fell.
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Since January, according to SIPA data, real wages fall every month and accumulate a decrease of 5.5%.

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The data from the insurance system for the month of April show that in the year and a half since November 2023, formal employment and average wages fell.

·Buenos Aires, Argentina
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A report by the Interdisciplinary Institute of Political Economy IIEP-UBA reveals that since March 2024 more than 70,000 formal jobs have been lost and that wages, including the minimum and average, continue to lose purchasing power against inflation. More than a year and a half after Javier Milei’s government began, the main variables of the labour market fail to recover. A report by the Interdisciplinary Institute of Political Economy (IIEP-UB…

In April, the last available data, the rate of destruction of registered private work accelerated. There was an increase in layoffs of public employees and the decline continues in private homes and in the social monotribut. Not even the pandemic damaged both the labor market and Javier Milei. Virtually every year the peak in registered employment [...] The entry It is every month worse the destruction of the registered work was first published …

A report by the Interdisciplinary Institute of Political Economy IIEP-UBA reveals that since March 2024 more than 70,000 formal jobs have been lost and that wages, including the minimum and average, continue to lose purchasing power against inflation. More than a year and a half after Javier Milei’s government began, the main variables of the labour market fail to recover. A report by the Interdisciplinary Institute of Political Economy (IIEP-UB…

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infogremiales.com.ar broke the news in on Tuesday, July 15, 2025.
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