The inequality in Argentina recorded its worst record for a third quarter since the exit of the pandemic in 2021as a consequence of the advance of precarious employment and the delay in wages. The Gini coefficient grew from 0.434 to the 0.435 in that period compared to the same period in 2023, as reported by the National Institute of Statistics and Censuses (INDEC).
The evolution of income distribution showed that between July and September, the calculated gap between the extremes of high and low income was 14 times.
The report shows that the 10% of the population with the highest per capita family income concentrated 32.4% of the total income in the third quarter of 2024, that is, 18 times more than the 10% with the lowest income.
It should be noted that the unemployment It grew from 5.7% to 6.9% in the third quarter, which implies in absolute terms and considering the total population, that there are 1,575,000 new unemployed. Furthermore, in this period there was a drop in quality employment of 3.8% year-on-year (ia), being the main cause of the reduction in formal employment, although there was also a slight growth in precarious work, that is, “without retirement discount”, which registered a slight increase (+0.04% yoy).
“The tendency to inflationary slowdown, despite the outdated weights of the basket with which the CPI is estimated, “may tend to consolidate these levels of distribution, since there is no update of real wages”assured the economist Pablo Ferrari. “Zero inflation to stabilize, it is a statue,” he noted.
Due to the fall in salaries, the increase in the rate of employed jobseekers is increasing and in the third quarter it registered a significant increase of 2.4 pp (15.2% vs. 17.6%).
Income from main occupation
Regarding the employed population, an average income of $612,035 and a median income of $500,000, equivalent to upper income limit of decile 5under which 50% of employed people are located.
The average income of the first four deciles of the population, ordered according to income from the main occupation, was $200,163. The average income of the middle stratum -5 to 8- was $602,290, while the income of deciles 9 and 10 was $1,455,768.
Regarding the salaried populationthey registered 9,562,508 people with average income of $640,470. The average income of salaried people with a retirement discount was $810,560 (+244.8% year-on-year), while in the case of those without retirement discount, the average income is equivalent to $334,819 (+199.0% year-on-year).
Furthermore, the average income from women’s main occupation was 27.7% lower than that of men in the third quarter of 2024.
News in development.-
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
