The Government made the call official to National Council of Employment, Productivity and the Minimum, Vital and Mobile Wage for him next December 19. The call was made through the Resolution 15/2024 from the Ministry of Labor, Employment and Social Security, and which bears the signature of Minister Sandra Petovello.
As anticipated Scopethe Minister of Human Capital and current head of the Advice, formalized the call to the business sector and union representatives for the meeting that will take place that day at 4:30 p.m.
At this meeting it will be discussed and decided about an increase in the minimum wage and other issues related to working conditions in the country. In addition to the minimum wage, other important issues related to working conditions and unemployment benefits will be discussed.
Representatives of workers, employers and the government will participate in the meeting, who will debate and seek to reach an agreement on the issues raised, according to the official text. Also remember that The call is based on various laws and decrees that regulate the operation of the National Employment Council and establish the importance of guaranteeing decent and equitable working conditions.
The SMVM reaches “all workers included in the Employment Contract Regime approved by Law No. 20,744, in the Agrarian Work Regime, of the National Public Administration and of all entities and organizations of the National State that acts as an employer” .
The Salary Council will meet again after the July meeting
At the end of July, during the last meeting between businessmen, unions and the Government failed to reach a consensus and the administration of Milei ordered to grant sums by decree. The floor went from $234,315.12 to $254,231.91 for that month.
In addition, it advanced the increases for the following months. The SMVM rose to 262,432.93 pesos in August, 268,056.50 in September and 271,571.22 in October. Since then it has remained unchanged.
After negotiations failed in July, the CGT issued a strong statement titled “Soup again: a business offer that does not measure up to the circumstances”. In the text they talk about “social insensitivity” on the part of the employers for the proposal of $245,094 presented by them, far from the $480,000 that the workers’ union had requested.
Besides, They asked the Government not to validate this “shameful offer.” Finally, the Government decided to determine a floor just above that suggested by the business sector.
Minimum wage, on the floor: purchasing power collapsed 28.4% in October, reaching the minimum of 2023
He minimum, vital and mobile wage (SMVM) had a brutal loss of purchasing powerproduct of the effect of currency devaluation and its impact on prices. According to a report prepared by the Research and Training Center of the Argentine Republic (CIFRA), linked to the Central Workers of Argentina (CTA), There was no recovery for the minimum wage since in October with $271,571 it showed a real value 28.4% lower than in November 2023. For its part, if compared with the Cambiemos management, the purchasing power of the minimum wage is 39.9% lower than in 2019 and 54% lower than in November 2015.
“The historical setback is so great that the real value of the minimum wage is already lower than that prevailing for most of the 1990s and in the final crisis of the convertibility regime, when this policy had been abandoned as a tool to determine salary floors and promote lower salary inequality,” the study stated.
According to this report, the minimum wage reveals a situation “worse than that of 2001” given that The current October one is only enough to cover 54.3% of the basic basket of food, which defines the indigence line for a typical family and just over a quarter of the poverty basket.
Source: Ambito
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