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Four Minimum Wages Are Needed in Order Not to Be Poor the Comparison Results Worse than in 2001
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A typical family in Argentina needed almost four minimum wages in July to cover the cost of the basic basket and not fall under the poverty line, according to a report from the Center for Research and Training of the Argentine Republic (CIFRA-CTA). The latest available data from the Total Basic Basket (CBT) reported by INDEC, corresponding to the seventh month of the year, gives a value of $1,149,353 for a four-member household, consisting of a …
If the minimum wage had not lost purchasing power during this decade, it would now exceed 740,000 pesos.
A study by the Research and Training Centre of the Argentine Republic (CIFRA-CTA) warned that in July a type family needed almost four minimum wages to access the Total Basic Basket and not to fall into poverty. According to INDEC, the value of that basket was $1,149,353 for a four-member household, while the Minimum, Vital and Mobile Wage was $317,800 in that month. The report stressed that “the comparison between the minimum wage and poverty a…
A report by the Research and Training Centre of the Argentine Republic (CIFRA-CTA) exposed the growing gap between the minimum income and the cost of living in the country. According to the study, during July a type family needed to receive almost four Minimum, Vital and Mobile Wages in order to cover the cost of the Total Basic Basket (CBT) and not to be considered poor. The analysis is based on the latest official data available. According to …
A typical family in Argentina needed almost four minimum wages in July to cover the cost of the basic basket and not fall under the poverty line, according to a report from the Center for Research and Training of the Argentine Republic (CIFRA-CTA). The latest available data from the Total Basic Basket (CBT) reported by INDEC, corresponding to the seventh month of the year, gives a value of $1,149,353 for a four-member household, consisting of a …
A typical family in Argentina needed almost four minimum wages in July to cover the cost of the basic basket and not fall under the poverty line, according to a report from the Center for Research and Training of the Argentine Republic (CIFRA-CTA). The latest available data from the Total Basic Basket (CBT) reported by INDEC, corresponding to the seventh month of the year, gives a value of $1,149,353 for a four-member household, consisting of a …
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