Income: Who won and who lost in the first year of Javier Milei

Income: Who won and who lost in the first year of Javier Milei

The fall of consumption Throughout 2024 he has had a generalized decrease in popular income as correlate which partly explains the negative result of the economic activity of last year. The reality is that a dozen sectors, only 3 ended better than in 2023 In real terms. The rest lost, as indicated by a survey carried out by the economist of the Mediterranean Foundation, Laura Cazulo.

“The balance of the first year leaves a panorama unequal in real income. Some sectors made advances: AUH increased 100% and average retirement grew by 3%, ”Celulo points out in a report.

The investigation indicates that workers registered with the private sector, they managed to maintain their purchasing power, although with some fluctuations throughout the year.

“In contrast, other sectors faced significant falls, as the program returns to work (former enhanced work), which experienced a real collapse of 60%, And the feed card, whose purchasing power fell 11%, ”says the work.

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In addition to this, the Lack of agreements in negotiation instances, such as the Minimum Salary Council and the National Teaching Joint, “It contributed to a lower update of wages in relation to inflation, aggravating tensions in the state -dependent sectors.”

In the case of Retirees, the study indicates that “the minimum being, with bonds, was also affected for the reduction of public spending, which resulted in a loss of purchasing power in real terms of 3%. ”

Celulo argues that income recovery has behaved fluctuating throughout the year. In fact, in the first months the collapse was generalized due to a 50% devaluation in December 2023.

After the announcement in January of the duplication of the AUH and the feed card, a rapid recovery of these programs was seen, although in the case of the feed card, this improvement failed to sustain in time.

The economist states that “Other income began to show recovery signs months later, driven by inflationary deceleration and the implementation of the new scheme of retirement mobility, which adjusts the assets according to the CPI with a two -month lag ”.

“This allowed retirement assets higher than the minimum They will begin to recover in real terms as of March 2024, ”says the work.

On the other hand, it is pointed out that “the assets minimums took longer to rebuke due to the freezing of the bonus and are still below the initial levels. ”

Cuullo adds that “in the case of salaries, teachers were the most affected, reaching their lowest level in February and without achieving a significant recovery towards November.” “This deterioration was not exclusive to the national level, since the adjustment was also reflected in the consolidated provinces, particularly Through the remuneration of the teaching staff, ”says the economist.

He also says that “The informal salary, according to the last record, shows a drop in purchasing power of 13% compared to the late 2023”.

Source: Ambito

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