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Free-Market Milei to Seek Unions’ Help for One-Million-Peso Wage Floor?

Proposal is part of President Javier Milei government’s increasingly creative approach to boosting wages... Leer más

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The National Government, through the Ministry of Labour, is promoting a scheme for joint agreements to assure workers of minimum income above one million pesos. Thus, the objective is to consolidate a recovery of purchasing power without further modifications in the Minimum, Vital and Mobile Wage (SMVM). Therefore, from the Nation, they will endorse negotiations between unions and companies that result in a salary floor of more than one million …

The Secretariat of Labor of the Nation points to the existence of a guaranteed minimum wage of more than one million pesos while collective labor agreements are negotiated after the approval of the labor reform. From the portfolio led by Julio Cordero they have ensured that they drive parity with a “guaranteed minimum wage”. “The amount, at least by August 2026, is 1,070,000 pesos,” explained official sources. “It has to be negotiated by the uni…

Noticias Argentinas | Agencia de noticiasNoticias Argentinas | Agencia de noticias
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Buenos Aires, 27 August (NA) -- In the run-up to a new meeting of the Salary Council, the Ministry of Labor of the Nation promotes a scheme for joint agreements to guarantee minimum incomes of at least 1 million pesos, a goal that seeks to consolidate the recovery of purchasing power without abruptly modifying the Minimum, Vital and Mobile Wages. According to the Argentine News Agency, the official strategy is not only to raise the minimum wage,…

·Buenos Aires, Argentina
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The Ministry of Labor of the Nation urges that the next joint negotiations include a "minimum guaranteed wage" of more than one million pesos. By August, the Government set as a reference an income of $1,070,000 and seeks that unions and business chambers incorporate that floor in collective agreements.Sources from the portfolio that Julio Cordero leads pointed out that the amount has already been communicated to the parties, especially to secto…

The government seeks that the new collective labour agreements incorporate a guaranteed minimum wage of more than $1 million, in the midst of the renegotiation of equals driven by labor reform and the loss of workers' purchasing power.The government promotes a new wage floor According to official sources cited by La...

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rionegro.com.ar broke the news on Thursday, August 27, 2026.
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