Argentina It is one of the most important countries in the region in this part of the world and when its registered employment levels begin to stagnate or decrease, the eyes of the world focus on how this will affect adjacent countries and the southern cone of America.
Argentina A process of administrative and financial restructuring has begun, which many are currently questioning, since employment levels have dropped alarmingly due to the policies applied by the government.
It is not a minor or unknown fact that since Javier Milei took office, hundreds of thousands of people have seen their jobs disappear. According to recent studies published by private universities, the rate of job loss is completely alarming.
“2,259 people lost their jobs every day during the first half of the year”
According to the Social Debt Observatory of the Catholic University Argentina (UCA) and the Institute of Thought and Public Policies (Ipypp), a job has been lost every 38 seconds during the first six months of 2024.
The worrying employment rates are compounded by the growth of poverty, which has escalated exponentially since the end of last year until the first half of this year. Many people have seen their purchasing power undermined, but also the increase in the cost of living.
The social situation in the country has begun to unravel in the run-up to the end of the year and the possibility of revolts has not been completely eliminated. It is well known that December is considered one of the most complex months in terms of social and political life.
The new measures
Argentina The situation has reached a point where social pressure regarding the cost of living could force the current government to resign early. Many consider that the situation cannot continue, while the president continues to travel the world.
With the goal of zero deficit, there are some situations that have left the spectre of speculation behind, but have damaged the social fabric in a way that will be difficult to recover in the coming years. There are those who say that in a short time the most complex and destructive adjustment in the national history has been carried out.
