In the recitals, it explains that the Coefficient of Variation in Wages (CVS) It estimates, based on the comparison of successive months, the variations in salaries in both the public and private sectors in each month, with their respective weightings.
To obtain the salaries and the Salary Index, INDEC conducts a monthly survey of a panel of private sector companies and national public sector organizations, provincial governments and public universities, considering the salaries paid on reference jobs.
In this regard, the body in charge of the Ministry of Economy, whose head is Marco Lavagna, decided to move forward in updating some points of this indicator:
1. Technological changes are not contemplated at this time.
2. Until now, the companies on which the surveys were conducted had not been updated.
Based on this, INDEC will seek to develop a new methodology to determine the Salary Variation Coefficient (CVS).
According to later clarifications from the agency, this is a first step towards modifying the measurement methodology. “It could not be changed if the technical analysis showed that it was appropriate to update it. With this new decree, the restriction is lifted,” they added.
Salary measured by INDEC: what data did the latest report provide?
Currently, the wage index measured by the agency is two months out of date. While waiting for the new one, the latest news is that the Real wages improved in June for the third consecutive monthwith a notable increase among registered workers in the private sector. However, They still remained 11% below the November levelprior to the devaluation implemented by the Government of Javier Milei as soon as he arrived at Casa Rosada.
ANDThe INDEC Salary Index grew by 6.2% in the sixth month of the year, above the Consumer Price Index (CPI), which rose 4.6% in the same period of time.
While formal employees of the private sector perceived a real increase, since their income increased by 6.7%, state-owned suffered a deterioration, since the increase was only 3.9%.
For the workers, on the other hand, informal The index showed a nominal advance of 9.2%, although it is worth noting that this figure has a significant lag due to the difficulties in its measurement.
It should be remembered that, In April and May, overall revenues had also shown improvements.after being hit hard in the previous months.
In the first seven months of the Milei era, salaries rose 100.8%, below an accumulated inflation that reached 125.5%The private sector was the least affected, with a real loss of 4.7%, while among state-owned companies a collapse of 18.9% was observed and among unregistered companies the drop was 19%.
In year-on-year terms, there is a real drop of 22.8% in the public sector, 6% in the private sector and 30.2% in the informal sector.
Source: Ambito
