In relation to this year, El Mirador details that in recent times joint negotiations between workers and employers have adapted to the accelerated increases in the nominal value of the economy, “but the speed of salary recomposition is still insufficient for workers’ income to increase (or at least maintain) their purchasing power” with which “the first three quarters of 2022 were negative for work”.
Along the same lines, from a report by Development Research Foundation – FIDE it follows that With the exception of 2017, since 2016 gradual decreases in wages have been experienced in all years, “until in 2021 this trend was stopped.” However, he adds that in recent months “the inflationary acceleration could not be offset by the new reopening of joint ventures.”
Specifically, the lookout account for falls 1% for the first quarter, 0.4% for the second, and 1.6% for the thirdwhich clearly differentiates the present year from 2021, where salaries rose in three of the four quarters.
In conclusion, they add that during the management of the Frente de Todos “there were no real losses as significant as those produced during the last two years of the Macri government, but they are enough to prevent wages from insinuating an upward movement.”
Different types of falls
The study included an evaluation of the salary within the sectors, realizing that the salary variation was heterogeneous, that is, not all workers experienced the same loss.
Even, FIDE points out that if the slowdown in the economy “has been slower than expected” and no recessions are in sight, it is because, among other issues, “the Government has been very active in terms of favoring the income policy for registered private workers, living and mobile minimum wage and retirees from the minimumin such a way that, despite high inflation, it almost managed to offset the price increases.”
However, in relation to global management, the lookout noted that registered workers lost 4 points of purchasing power, public workers 9 points, and the unregistered 21 points. “Where union representation decreases, accelerated inflation is more difficult to follow,” concludes this study center.
Source: Ambito
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