(Buenos Aires) The Argentine government of President Milei has decided to increase the minimum wage by 30%, a presidential spokesperson said on Tuesday, while inflation currently exceeds 250% per year and increasingly more Argentinians live in poverty.
Faced with the failure of negotiations on the minimum wage initiated between the government, chambers of commerce and unions, the presidency decided to increase the minimum wage in February to 180,000 pesos ($204), then in March to more than 202,000 pesos ($230), a total increase of 30 percent.
According to a study published this weekend by the Social Debt Observatory of the Catholic University of Argentina (UCA), 57% of the population lives below the poverty line, the highest figure since the establishment of this private measure, 22 years ago.
After the failure of tripartite negotiations, the Minister of Economy, Luis Caputo, indicated Monday evening that the government would decree an increase in the minimum wage.