Despite peer reviews, wages would close the year below inflation

Despite peer reviews, wages would close the year below inflation

Faced with the inflationary scenario, the unions insist on the reopening of joint ventures. The most significant recently were those of the banking, who agreed to a 94% increase, that of tires that, after 5 months of negotiations, they agreed on a 66% with clauses for inflation, or truckers, who asked for a 131% increase. These are rare cases that got raises or requested reopening.

However, the majority of both formal and informal workers remain below inflation. This week the rate of salaries that showed that these increased 4.6% in August, against inflation of 7%. The previous month it was known that they had increased a 5.5% in July and they were once again below the variation of inflation for the same period.

According to a consultancy work SynopsisUntil the end of September, paritarias averaged an annualized increase of 82%, compared to inflation figures that are still pronounced and close to three digits.

“With a projected inflation, at the end of August, in the REM of the Central Bank of 95% or 96%, the joint ventures that close at an average of 82%, with peaks such as that of Insurance, with almost 110%, but with guilds that are well below even the average,” he said. Juan Manuel Grosso in dialogue with TN.

According to Grosso’s estimation, most of the guilds they will close the year with joint agreements that are between 10 and 15 points below inflation: “The dynamic makes it unthinkable that three-digit figures can be replicated in sectors that even today are very far from the average.”

In addition, so far, according to the consultant, half of the large guilds have parities below prices and the other half “resists on the basis of advancing quotas” agreed in principle for the coming months.

Among the cases of greater delay against prices appears truckers with wages 28 points below accumulated inflation and the mechanics (SMATA), which lose 9 points against inflation. They are followed by the drivers of the Automotive Tramway Union (UTA)who wear a 50% hikeor the metallurgicalwhich closed parity at 65% and they hope to resume negotiations in the coming weeks.

Those who managed to overcome the variation so far are Commerce and Gastronomy who agreed to advance agreed quotas for 2023.

Source: Ambito

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