A study from Argentina’s Universidad Nacional de Avellaneda (UNDAV) on the southern outskirts of Buenos Aires showed that under the Libertarian administration of President Javier Milei the South American country boasted one of the lowest minimum wages in the region for people to live in one of the most expensive nations worldwide.At a face value of AR$ 234,315, Argentina’s lowest minimum wage represented only US$ 264 at the official exchange rate and even less if the “blue” (a euphemism for “black market”) quotation is to be considered.
May 30, 2024
SOURCE: MERCOPRESS
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https://en.mercopress.com/2024/05/30/study-underlines-argentina-s-low-minimum-wage