Wages rose 3.8% in January and lost against inflation for the second month in a row

Wages rose 3.8% in January and lost against inflation for the second month in a row

This occurred as a result of several increases corresponding to parity quotas, such as those verified in the oil, meat, leather, gastronomic, graphics, clothing, workshop, metallurgical, chemical and security unions.

At the same time, the salaries of public employees rose by just 2.9%. As a whole, registered workers received a wage improvement of 4%, slightly higher than inflation for the period.

On the other hand, informal workers were the most affected since INDEC registered an adjustment of 2.5% in this segment. It is worth noting that this data has a significant lag due to the difficulties in accurately surveying what happens with unregistered employment.

In annual terms, salaries showed a real rebound as they increased 54.1%, against inflation of 50.7% in the same period.

Compared to January 2021, the revenues that recovered the most were those of the public sector (59.4%), followed by those of the formal private sector (56.2%). Far behind were the incomes of informal workers, who received a year-on-year increase of 40.7%.

For the coming months, a setback in the purchasing power recovery process is to be expected due to the inflationary jump, which is not immediately accompanied by rearrangements in most of the paritarians.

Source: Ambito

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