Argentina’s private sector witnessed the sharpest wage decline in nearly 30 years due to the peso’s significant devaluation under President Javier Milei. Although there were slight wage improvements in January, the purchasing power of consumers notably diminished.In December, inflation-adjusted salaries dropped by 11%, the steepest monthly decline in 29 years of government labor market reporting.
March 26, 2024
SOURCE: RIO TIMES
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