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The Private Real Wage Suffered in March Its Biggest Fall Since 2023 and 9,000 Formal Jobs Were Lost
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6 Articles
Wages Are Not Enough, Jobs Are Evaporating, and the Middle Class Is Disappearing – Juan Pablo Chiesa
The middle class is disappearing. MDZ Archive While the economy advances in the stabilization proposed by the government, the deterioration and decline of real wages and registered employment are increasingly evident. The heart of Argentina is dying: the middle class. Falling wages, inflation, and the brutal contraction of formal employment have led us to a terminal situation. These are families unable to make ends meet, odd jobs replacing decen…
They are official figures. Wage destruction is a consequence of the booming inflation rate of that month and the joint quota promoted by the Libertarian Government. It is the strongest fall since December 2023, the month in which Javier Milei assumed. Real wages suffered their biggest fall in March since December 2023, while 9,000 salaried jobs were lost. It happened in the midst of increased tension in the foreign exchange markets, a brake in e…
In the private sector, 7,300 jobs were destroyed. The manufacturing industry was the most affected sector.
According to data from the Ministry of Labour, 7,310 jobs registered in the private sector were lost in the third month of the year.
The industry leads the destruction ranking with 4,000 casualties in just one month. The forecasts look bleak. The Secretariat of Labor published its monthly labour market report based on ARCA data. The Argentine Integrated Preventive System (SIPA) is the register made by the collecting entity of contributions and contributions made by companies ... Changing trend in employment: in March the private sector destroyed more than 7,000 posts and wage…
In the private sector, 7,300 jobs were destroyed, and manufacturing was the most affected sector.
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