Argentina has the lowest minimum wage in dollars in the region

Argentina has the lowest minimum wage in dollars in the region

A consulting firm carried out an analysis of the highest and lowest figures in the region: in contrast, Chile, Uruguay and Brazil have the highest numbers.

A report prepared by the consulting firm Focus Market indicates that Argentina is the country with the minimum salary in Dollars lowest in Latin America, with a figure that reaches US$196, and is at the lowest level in the last 20 years.

According to the consultant, “the devaluation of the peso against the dollar of 54% in the official wholesale exchange rate, the lag in monetary issuance, high uncertainty, the departure of controlled prices and the correction of rates of public services, plus the adjustment to new values ​​of private services, are leading to an even greater loss of income for Argentines in the first stage of this Government.

The last increase in the minimum wage, in pesos, occurred in the month of February: the Government set the Minimum Wage, Vita and Mobile (SMVM) at $180,000 for February and $202,800 in March.

Through the Official bulletin, Since its publication, the measure covers all monthly workers who complete the full legal working day included in the Employment Contract Regime by Law No. 20,744 and its amendments, in the Agrarian Work Regime, of the National Public Administration and of all entities and organizations of the National State that act as employers.

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The Government set the minimum wage by decree.

The Government set the minimum wage by decree.

Depositphotos

Province by province, what is the minimum wage in dollars

The consultant also indicated the fluctuation of the minimum wage in dollars according to each province. In this case, only 13 provinces exceed the minimum of 100 dollars:

  • Buenos aires city: US$213.58.
  • Chaco: US$203.29.
  • Jujuy: US$155.77.
  • Between rivers: US$152.06.
  • Mendoza: US$151.48.
  • Santa Fe: US$143.55.
  • Santiago del Estero: US$124.36.
  • The Pampa: US$119.61.
  • Land of Fire: US$119.06.
  • Saint Louis: US$112.79.
  • Cordova: US$102.05.
  • Neuquen: US$100.12.
  • San Juan: US$100.03.
  • Tucumán: US$97.35.
  • Missions: US$97.32.
  • Jump: US97.05.
  • Santa Cruz: US$90.90.
  • The Rioja: US$88.47.
  • Catamarca: US$85.68.
  • Black river: US$84.61.
  • Formosa: US$76.63.
  • Buenos Aires: US$75.56.
  • Currents: US$69.76.
  • Chubut: US$59.18.

Minimum wage in dollars: which are the highest in the region

The study marks Brazil, Chile and Uruguay, countries bordering Argentina, as the three highest salaries in the region. Uruguay registers the highest asset, with US$810; then there are Chile, with US$580 and Brazil, with US$574.

Source: Ambito

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