Meanwhile, the registered salary fell 35% in real terms from 2017 to 2023, according to the report by the human resources consulting firm GhidiniRodil.
The Informal salaries lost 59.5% in real terms from 2017 to 2023according to the latest report of GhidiniRodil. Furthermore, in a context with unemployment at historic lowsunregistered employment was the one that grew the most from 2017 to the present in recent times.
While, The registered salary – according to this report – fell 35% in real terms from 2017 to 2023. The report from the Human Resources consulting firm takes as its starting point the second year of Mauricio Macri’s government because it was the last year in which the salary grew for registered workers, on that occasion by 2%.
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“This fall in wages is today one of the saddest characteristics of recent years”highlights GhidiniRodil in his report.
If inflation is compared to salaries, they also lost knockoutsince in recent years the price acceleration was very virulent, with the exception of the pandemic, where there was a slowdown in price variation and the wages they were able to tie the consumer price index, but “with a drop in GDP of almost 8 points and a brutal recession”.
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Meanwhile, projections for 2024 predict that this will be the seventh consecutive year where, on average, salaries lose. “Those outside the agreement are going to lose against inflation: 189% adjustment against an estimated inflation of 211%. The scenario in 2024 is very worrying because on the one hand, at the salary level, there could be, as we see the trend, the seventh year of loss of salaries against inflation. If this were not to happen, as the market suggests, It will be because companies, instead of defining a salary guideline, will have to decide whether or not to maintain their staff or start with some selective dismissal.”, stated the CEO of the consultancy, Matías Ghidini.
Source: Ambito
