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Argentina's Wage Mirage | Argentina News
Argentina’s government touts a rebound in buying power, citing a selective wage index that includes bonuses and overtime — but recent data shatters that illusion. After 20 months of growth, the index dipped 0.6% in June, falling below levels from nearly three years ago. Real wages are shrinking faster than inflation, with May and June seeing drops of 2.9% and 0.9% respectively. Sixty-six percent of Argentines run out of money each month, and 62% have taken loans — 48% now can’t pay them back. Eighty-seven percent say they need two or more jobs just to survive, revealing a grim reality beneath…
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