Minimum Wage Lost 40% of Its Purchasing Capacity in the Milei Era
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The formal labour market again showed signs of deterioration during March, while the minimum wage deepened the loss of purchasing power accumulated since the end of 2023. This is the result of the latest report prepared by the Employment, Distribution and Labour Institutions (EDIL) of the Interdisciplinary Institute of Political Economy (IIEP), dependent on the University of Buenos Aires (UBA) and coordinated by economists Roxana Maurizio and Lu…
The basic income of registered workers plummeted against November 2023 and is at a lower value than that of the 2001 crisis, according to a report by the Faculty of Economic Sciences. This occurred while 217 thousand registered private sector vacancies were destroyed and more than 26 thousand companies melted in what goes from Javier Milei’s government. Economic growth generates winners, but they are not the majority group. Read more
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