What the MTSS numbers say about the real wage situation

The Statistics Unit of the Ministry of Labor and Social Security (MTSS), presented this Tuesday a report on the results of the collective agreements of the Salary Councils and the situation of the real salary as of July 2022.

Depending on the job, at least five out of 10 workers (54.4%) of the private sector did not lose purchasing power of the salary or the loss is less than 1%, as of July 2022 compared to July 2020.

That 54.4%, equivalent to 460,972 workers, is made up of 27.4% who had no loss and 27% with a loss of less than 1%.

The workers who make up the 27.4% (232,385) who do not register losses work mainly in sectors such as the chemical industry, health, refrigeration industry, port services, information technology, agriculture in general and domestic service.

Meanwhile, the workers that make up the 27% (228,587) that have a loss of less than 1% are mainly employed in sectors such as construction, metallurgical, supermarkets, the financial system, medicines and other rural sectors, according to the MTSS.

“The general, homogeneous look hides these heterogeneities. The general look gives the feeling that all workers lost purchasing power, and that is not the case”, stated during the presentation the Minister of Labor, Pablo Mieres.

On the other hand, there is 45.5% made up of 385,802 workers whose loss varies between 1.01% and 4%.

That percentage is made up of 11.9% of workers (100,539) that has had a loss of between 1% and 2.6% as of July 2022 compared to the same month of 2020. These workers are concentrated in various sectors of transport, escort services and in some subgroups of commerce .

While, 22.8% (193,127), has a loss between 2.6% and 4% of the purchasing power of the salary compared to July 2020. These workers are mostly concentrated in some sectors of transportation, education in general and the media, the report explained.

Finally, 10.8% (92,136), has wage purchasing power losses greater than 4% as of July 2022 compared to July 2020. Among the sectors that employ a large part of these workers are several of those particularly affected by the covid-19 pandemic such as hotels, restaurants, cafes, bars, airports, sports clubs, free shops, health homes, school transportation, event organization, international cargo transportation and footwear.

Finally, there is a group of 11,518 workers that continues to negotiate, according to the MTSS.

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