The Argentine government of President Milei has decided to increase the minimum wage by 30%, a presidential spokesperson said on Tuesday, February 20, as inflation currently exceeds 250% annually and more and more Argentines live in poverty.
Given the failure of the negotiations on the minimum wage initiated between the government, the chambers of commerce and the unions, the presidency decided to increase the minimum wage in February to 180,000 pesos (204 dollars) and then in March to more than 202,000 pesos (230 Dollars). , a total increase of 30%.
57% of Argentines are below the poverty line.
According to a study published this weekend by the Social Debt Observatory of the Argentine Catholic University (UCA), 57% of the population lives below the poverty line, the highest figure since the establishment of this private measure. 22 years ago.
After the failure of the tripartite negotiations, the Minister of Economy, Luis Caputo, indicated on Monday night that the government would decree an increase in the minimum wage.
Source: BFM TV
