Formal Employment Accumulates 14 Months of Decline and the Minimum Wage Is at Its Lowest Level in More than Two Decades - Diario Panorama
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According to a report by the Interdisciplinary Institute of Political Economy (IIEP), which is dependent on the UBA and the Conicet, the number of registered employees decreased by 1.5% year-on-year in July 2026. This reduction represents the loss of 155,000 jobs in twelve months. [...]
The erosion of the minimum wage.
Retraction from work is more than a year old, while minimum incomes have deteriorated sharply and the private sector has yet to recover levels prior to November 2023.
In July, formal employment lost 155,000 jobs and the minimum wage was set at $383,800, its lowest value in years.
A report by the Interdisciplinary Institute of Political Economy of the UBA-Conicet warned that 155,000 registered jobs were lost in the past year. In addition, the real minimum wage fell 40.8% since November 2023.
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