Formal Employment: 241,000 Private Jobs Lost Since Milei Arrived and the Minimum Wage Fell - La Critica
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The formal labour market again showed negative signs during 2026. A report prepared by the Interdisciplinary Institute of Political Economics (IIEP) of the University of Buenos Aires (UBA) recorded that since November 2023 241,000 private formal wage-earning jobs were lost, while the minimum wage accumulated a fall of 40.5 per cent in real terms. The study, coordinated by researchers Roxana Maurizio and Luis Beccaria, analyzes the evolution of r…
A report by the University of Buenos Aires (UBA) revealed that Argentina lost 241,000 formal wage-earning jobs in the private sector since November 2023, while the minimum wage accumulates a 40.5 per cent drop in purchasing power in the same period. The study was prepared by the Employment, Distribution and Labour Institutions (EDIL) of the Interdisciplinary Institute of Political Economy (IIEP) of the Faculty of Economic Sciences, under the coo…
A study prepared by the Interdisciplinary Institute of Political Economy (IIEP) of the Faculty of Economic Sciences of the UBA reported that “the number of formal employees in the private sector of May 2026 is similar to that of July 2016”, with just over 9,967,000 employees, between public and private. Regarding salary, the decrease recorded between November 2023, the last full month of the government of Alberto Fernández, and July 2026 “leads …
The registered private wage employment accumulates twelve consecutive months of decline, the most extensive sequence of the series available since 2009. The sector lost 241,000 jobs since November 2023, according to the latest report of the Employment, Distribution and Labour Institutions (EDIL) of the IIEP UBA-CONICET. The number of formal wage earners in private companies was around 6.13 million, practically the same level of a decade ago. In …
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