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The Minimum Wage Lost Almost 40% Purchasing Power and Was at Its Lowest Level in More than 20 Years
Summary by SOMOS JUJUY
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2 Articles
A UBA report reveals that the deterioration of the minimum wage during Javier Milei's management is already below the levels of the 2001 crisis.
The minimum wage today represents one third of the level that it showed in September 2011, its historical maximum. If it had sustained its purchasing power the SMVM should reach today the 1,033,354 pesos, however in March it was barely placed in the 352,400 pesos.
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