More Hours of Work, Less Productivity: What Happens in Argentina
6 Articles
6 Articles
The Argentine economy faces a problem that goes beyond the amount of hours worked or the resources destined to produce.
The productivity per hour in Argentina dropped 6% compared to the level it had ten years ago, according to the national accounts of the INDEC. Despite this, between 2016 and 2025, the hours worked increased 11% and the capital services 14%. This implies that, although the work and the [...] The entry Milei economic failure: productivity also fell was first published in Primereando.
The Argentine economy faces a problem that goes beyond the amount of hours worked: productivity per hour fell by 6% between 2016 and 2025, although they increased both the time devoted to work and the capital resources used to produce. The data arise from the national accounts of the National Institute [...] The note More hours of work, less productivity: what happens in Argentina was first published in Pregón - journalism with principles.
The fall hit mainly hotels and restaurants, with a fall of 16%, and trade, with 15%. In contrast, mining improved by 21% in the last decade.
Labour productivity fell 6% between 2016 and 2025, a dynamic that hinders the sustained increase in wages in the economy. "Without sustained improvements in labour productivity, it is difficult to sustain wage increases and lasting improvements in competitiveness", highlighted a report by the Institute of Studies on the Argentine and Latin American Reality (IERAL). Against this scenario, he stressed that "if the economy fails to produce more for…
One report points out that hourly output is 6% below 2016 levels, which reduces the margin for raising revenue without increasing costs per unit produced.
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