They estimate that labour costs and taxes reduce the wages of a business employee by less than half

The Argentine Federation of Trade and Services Employees (FAECYS) issued a statement in response to recent claims by [...]

The Argentine Federation of Trade and Services Employees (FAECYS) launched a harsh accusation against the Argentine Chamber of Wholesale Distributors and Self-Services (CADAM), pointing to this entity as one of the main drivers of inflation in Argentina. In a statement released today, the union highlighted that dollarization of prices and the search for profitability at the expense of workers’ wages are practices responsible for the growing infl…

The Argentine Federation of Trade and Services Employees (FAECYS) issued a statement accusing the Argentine Chamber of Wholesale Distributors and Self-Services (CADAM) of carrying out speculative practices that affect the economic stability of the country and harm the purchasing power of workers. In response to a recent publication by CADAM on the "work cost", FAECYS stated that it is not possible to debate wages without mentioning the role that…

In detailing the workloads, they mentioned “compulsory contributions such as, for example, to the Argentine Institute of Professional and Technological Training for Trade (INACAP), although the employee is not trained, up to the additional Solidarity Contribution to the social work OSCECAC that was born in the pandemic by COVID-19, but that is ridiculously still being charged to this day.” In relation to the latter cost, the report specified tha…

CADAM assures that the real power of the salary provided to the worker is reduced to 36.84% .

Labor costs and taxes reduce the salary of a commercial employee by less than half, as estimated in a report by the Argentine Chamber of Wholesale Distributors and Self-Services (CADAM). The report revealed that from $1,241,189 provided monthly by the employer, it ends up in the hands of the worker only $457,312, due to the impact of the labor and tax charges that are borne part of the remuneration. In this regard, CADAM estimated that between t…