In turn, the minimum wage suffered a 32%drop. This places this in real terms at a lower value than 2001.
From the beginning of the government of Javier Mileithey were lost in Argentina 196,000 formal jobs And the minimum wage suffered a 32% dropaccording to a report made by the Faculty of Economic Sciences of the UBA.
The analysis relieves the labor market between November 2023 and March of this year (last available data), when there was 10,104 million salaried workers registered in Social Securitywhich includes salaried employment in the private sector, in the public sector and in private homes. This means one 1.9% drop compared to the number of November 2023.
In the annual comparison, between March 2024 and the same month of this year, a total were lost 71,000 formal jobs.
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From these data, the report – prepared on the database of the Argentine Integrated System (SIPA), indicates that after the consecutive falls observed from September 2023 to July 2024total formal wage employment remained relatively stagnantalternating Mild improvements with fallsand in March this year registered a reduction of 9 thousand jobs with respect to the previous month.
In this way, the total number of formal workers to March this year was similar value to July and August 2024.
The only sector that begins to show signs of improvement is private. In August 2024 the fall of eleven consecutive months of descent in this category was interrupted. Then there was a period of slight growth between August and December. The following months They showed increases and low. In March 2025, 6.25 million workers They were formal salaries in private companies (excluding employment in private homes). However, the number remains far from the 6.36 million in November 2023.
Minimum salary: since November 2023 it registered a 32% drop
Regarding salary, between November 2023 and May 2025, the real minimum wage accumulated a 32% dropthat places it in real terms of May 2025 at a value lower than 2001, before the collapse of convertibility.
In addition, it represents a decrease in 62% regarding the maximum value of the series, in September 2011.
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Source: Ambito
