Argentina ranks fourth worldwide among the countries with the highest year-on-year inflation, and in our region, it is only behind Venezuela. On the other side of the coin that determines the welfare of workers, is the salary minimum received by them, which at the continent level is measured in US dollars.
Our territory has salary minimum for the lowest employees in Latin America, it is positioned again behind Venezuela. The minimum that received by workers during this month of January is 65,427 pesos, which is equivalent to about 187.2 dollars if the blue dollar is taken into account. Even so, Venezuela has an abysmal difference, with only 8 dollars per month.
Our country will have an interannual increase of 110.5% after the last agreement carried out between the business chambers and the unions. Nevertheless, With the increase in inflation, also year-on-year, the purchasing power of workers suffered a sharp drop. Currently, the positive price variation has a deceleration month by month, but the wages of informal workers continue to be at least 20 percentage points below inflation.
The country headed by Alberto Fernández has fourth place in the world ranking of inflation, only after Zimbabwe, Venezuela and Lebanon, which have an increase in price variation of 255%, 213% and 150% respectively. After Argentina, there is Turkey with an inflation rate of 84%.
Minimum wage in the region
In the case of Mexico, chaired by Andrés Manuel López Obrador, it was announced by him that the salary minimum in his country would increase from 172.87 to 207.44 Mexican pesos per day, which is equivalent to 325 dollars per month. In the case of Uruguay, the minimum received by employees increases to 540 dollars per month. Colombia has a salary floor of 242 dollars and Chile has a minimum of 475 dollars.
All of these beat Argentina by at least $40. In the case of Brazil, workers have a minimum wage of $250 and Costa Rica has one of the highest salary floors in the region, reaching 603 dollars a month.
