Wages and inflation: the government’s goals according to “Kelly” Olmos
“30% is the inflation target and we are achieving it. We have had an impact in that difficult sense with the January number, but it does not mean that we cannot meet that target of 30 inflation points in the first semester,” he said. elms.
Based on this inflation goal, from the Ministry of Labor -and also from the Ministry of Economy-, it was suggested that That is the percentage increase to be negotiated in the parities that each union carries out to establish the semi-annual salary increases.
Olmos explained that, although 30% is the reference for negotiations, some sectors may obtain a better percentage based on the income generated.
“We have always said that this goal must be taken as a reference and, in the cases in which the unions could do so, reach some additional point of recomposition. This is closely related to the capacity of each sector,” the official said in statements radials.
He stressed that the teachers’ union achieved an increase of more than 30% and that, in the case of the banks, they are discussing that the employer take charge of a part of the payment of the Income Tax of the workers.
Official inflation in January was 6% and it is estimated that in February the evolution of retail prices would be above 5.5%.
With these estimates, year-on-year inflation will exceed 100%, after 98.8% in January -which was the highest value in 31 years-, therefore it would be well above official forecasts.
Economy Minister Sergio Massa confirmed that this goal is achievable and asserted that no bad result will “get him out of the fight in the championship to lower inflation.”
Regarding the parities, Olmos said that the negotiation is “very vigorous and does not require additional interventions.”
He admitted that “the issue is informal work, which obviously has much more weakness.”
Source: Ambito
