It means that there would be no workers in factories or to say it with more tino secondary/manufacturing/industry sector in our economy. It will become greater unemployment and poverty.
When the Minister of Economy, Luis Caputo, He said on television that we have to look like countries like Perubut before the president Javier Milei I proposed to be Germany or Ireland in 35 years, it meant that we would only have working to our compatriots in part of the primary sector (extractivist, as minerals-energy and some of the field) and a lot of services (financial and commerce) sector. I mean, This means that there would be no workers in factories or to say it with more tino secondary/manufacturing/industry sector in our economy.
To better understand this we must understand that the economically active population (PEA), that is those who are in a position to work for 18 to 65 years (for now but modify the retirement age at 70 years) in 2023 were approximately 14,340,000, being in 2024 14,533,231 according to the data relieved and published by INDEC.
During 2023 the workers in factories were 745,680 and represented 5.2 % of the PEA of that year, and being in 2024 653,996 which was 4.5 %. Summarizing in the first year of current government management 91,685 jobs were lost in all branches of industry representing a total of 366738 Argentines who lost family livelihood and mostly going to destitution.
If we take into account that it would be eliminated, as expressed by the minister, the industry sector for devoting itself to the extractive and importing finished products we would have in the medium term the amount of 653,996 new unoccupied or to better understand 2,615,982 new bifs for eliminating the industry sector and the totality or most of its members would not have a place in the economic activity of our country.
This would mean the growth of unemployment from 6.4% determined in December 2024 to a number greater than 10% or 2 digits as many like to say. Therefore, current currency will be seen seeing tomato producers (as in Mendoza) that do not reap their production and/or clothing manufacturers having to close their premises that cannot increase salaries to their workers/employees for not selling being their employees aware of it. These are the things that the majority of the country definitely do not want and it seems that some sectors of the Government subsequently favor the rubric of the key in hand of the country to the IMF.
What was expressed in the previous paragraphs is consistent with having taught through public TV as the current one is done “Carry Trade” Or previously called Financial Bicycle is an example of the unfortunate of the current moment and as the social situation was degenerated. Since until it is not long to say that someone made a financial bicycle was practically a criminal, seeing alone in films or believing that it was known but never teaching to do it by media.
If we add the statements of the director of the IMF Kristalina Georgieva That the population must continue to ratify the course of the current government, so it is fully put in the country’s internal policy for the purpose of being able to recover the new political debt approved by that agency. Since he knows completely that to change the political sign of the country, and as announced, he will not be paid an illegal debt that was not even approved by DNU Since the DNU approved by deputies only requested authorization to negotiate but not to sign a new agreement.
As a consequence of this, the same destination as the director Lagarde would have when in 2018 by imposition of Donald Trump (or by chance, it seems that he is the owner of the IMF) she and the board of directors of that moment ended up being displaced from the multilateral body or else in case of converging in the positions with other countries we could take to the bottom to the bankruptcy itself and must seek all its members a new work.
Economic and Tax Analyst
Source: Ambito
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