In a similar trend, the “Salary index” of the INDECwho incorporated informal wages only in mid-2017, reported that the set of wages in December 2019 was 17.8% below the purchasing power they had in December 2015while between December 2019 and September 2022 falls of 3.6% were added.
Salaries in red: contrasts between sectors
One of the elements that contrasts with these figures is overall employment growth in recent yearswhich until September 2022 reached 12.9 million employed, with less than a million unemployed. And it is that unlike the government of Let’s change that the unemployment rates progressively increased until reaching 8.9% at the end of his termthe last unemployment rate measured by INDEC for the third quarter of this year was 7.1%, which places it among the lowest in the last 20 years.
According to the UNDAV report, “such low levels of unemployment have historically favored processes to improve real wages, given that the unions’ bargaining power increases. However, for the moment there is no general improvement in the purchasing power of wages”.
Mario Gambacorta labor relations specialist University of Buenos Aires and the National University of José C. Pazposes to Ambit that the laws of economic orthodoxy are not working, and if so, the lower labor supply would lead to higher wages.
Instead, he maintains from his “critical guardianship approach to labor relations” that, “outside the economic one there is a imbalance in the correlation of forceswhere do you find one de-labour hegemony which also works globally, and is the stronger prevalence of corporate power than ever, together with the weakening of union power and the tutelary role of the State”.
In this way, short shrimp that “the State should strengthen its role as guardian of full labor rights, as well as to sign up to unionsalthough without affecting their autonomy, so that improve the redistributive effect”. Far from being an alternative approach, he added, these ideas are already are being voiced by (US President) Joe Biden and other political and union leaders”.
Losses, also in RIPTE, SMVM and Potenciar Trabajo
The study of the UNDAV also included the evolution of RIPthat is, the average remuneration subject to contributions to the Argentine Integrated Pension System (SIPA) received by workers who are under a dependency relationship, of the Minimum salary, vital and moviland the largest labor social coverage plan, Enhance Work.
As concluded from November 2017 to December 2019, the RIPTE it lost 19.2% of its purchasing power, and until October 2022 it fell another 3%. For its part, the Minimum Vital and Mobile Wage had fallen by December 2019 21.1% compared to its value in December 2015. In the later stage, between December 2019 and November 2022, it had another 5.5% drop.
Finally, the actual monthly amount of the Potenciar Trabajo program, which was in December 2019, 14.6% below the similar amount granted in December 2015, it fell another 6.2% between December 2019 and November 2022.
Source: Ambito
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