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Argentina’s New Wage Floor Strategy | Argentina News
Argentina’s government is betting big on private wage negotiations to boost buying power, aiming for a new monthly pay floor of one million pesos — far above the current minimum of 376,600 pesos. President Milei’s team wants to stimulate consumer spending and fight inflation without direct government spending, using market-driven talks to set higher wage benchmarks. With real wages down nearly 11% since early 2023, officials are pushing for a gross floor of 1.07 million pesos (net ~860K) to prevent purchasing power erosion and help families avoid debt. This bold move tests how much economic…
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