The minimum wage -which is determined by government resolution, after a tripartite agreement with unions and the business sector- increased 81% in 2022, from $32,000 to $57,900 pesos, lagging behind inflation of 94.8% last year .
He minimum salary it fell 2.7% in real terms in 2022, the equivalent of 3.1 working days, according to an Oxfam Intermón report published this Monday.
The minimum wage -which is determined by government resolution, after a tripartite agreement with the unions and the business sector- increased 81% in 2022, from $32,000 to $57,900 pesos, lagging behind inflation of 94.8% last year.
Despite the fact that Argentina has one of the highest inflation rates in the world, the report warned that wages had a lower real loss than the rest of the globe, at 3.2%.
One billion workers in 50 countries have suffered an average wage cut of $685 in 2022, a combined loss of $746 billion in real terms, compared to what they would have earned if wages had grown at the same pace as inflation, Oxfam analyzed, based on data from the International Labor Organization and government statistics agencies.
In Argentina, the general level of salaries had a real loss of 2.2% in 2022, an average that hides a contraction of 15.1% in unrecorded salaries, a fall of less than 0.5% in the registered private sector and a real recovery of 2.4% in the public sector, according to the National Institute of Statistics and Censuses (Indec).
While most people work longer for less money and cannot cope with the increase in the cost of living -in Argentina poverty rose to 39.2% in 2022-, Oxfam It denounces that global shareholder dividends reached a record of 1.56 trillion dollars in 2022, a real increase of 10% compared to 2021, benefiting the richest in society and widening inequality.
In its report, Oxfam Intermón calls for a permanent increase in the tax burden on those who earn the most and to ensure the recovery of the purchasing power of wages.
Source: Ambito
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