US EditionThe Minimum Wage Will Cease to Exist in Javier Milei's Argentina - teleSUR English
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24 Articles
The Minimum Wage Will Cease to Exist in Javier Milei's Argentina - teleSUR English
Over the last year, the wage has experienced a deterioration in real terms as the purchasing power in pesos fell by 17.8%. On Thursday, Argentine President Javier Milei set a new mandatory minimum wage with a 9.3 percent increase (US$17) that will be spread out in four staggered increases until next year. RELATED: Increasing Poverty in Argentina Marks the Christmas Holidays: Social Organizations Denounce the Crisis As of December 1, the curren…
The Argentine government led by Javier Milei decreed an increase in the minimum wage of 9.3%, a figure considerably lower than inflation. The figure does not cover the basic food basket that a family needs to avoid hunger. The government of Argentina published on December 26 a decree that sets the minimum living and mobile wage (SMVM) at $296,832 by March 2025, with an increase of 9.3% staggered in four quotas between December and March.
The minimum wage in Argentina is 279,000 pesos, equivalent to 230 dollars. It is an insufficient income to cover the basic basket or, what is the same, the person who receives this payment for a whole month’s work is poor, according to official statistics. Still, the Government of Javier Milei, a supporter of the total deregulation of the economy, considers that setting a minimum wage by law is a mistake because it hinders the free functioning o…
The Argentine government set a new mandatory minimum wage with staggered increases between this same December and March of next year, according to a resolution published this Thursday in the Official Gazette, to laudar entrepreneurs and unions that did not agree.
The president of Argentina, Javier Milei, revealed his intentions of wanting to “end” with the minimum wage, but how? This is his work plan. The announcement was released on Thursday, December 26, a day after Christmas, through a resolution published in the Official Gazette of Argentina. Javier Milei’s government announcement states that his plan will seek to “end” with the minimum wage for 2025, through staggered increases for the benefit of Ar…
The Government of Argentina fixed a new minimum wage with staggered increases between this same December and March 2025, according to a resolution published on Thursday 26 December in the Official Gazette, after employers and unions that did not agree.From 1 December, the current minimum living and mobile wage (SMVM) is 279,718 pesos (about $279); from January 2025, it will be 286,711 pesos (about 286 dollars); it will change from 1 February to …
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