Argentina: minimum wage increases again in response to hyperinflation

An article by Antoine Piel

Publication

28 September 2023 à 12h13

Reading time

1 minute

Publication: 28 September 2023 à 12h13

Reading time: 1 minute

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An article by Antoine Piel

Publication

28 September 2023 à 12h13

Reading time

1 minute

Publication: 28 September 2023 à 12h13

Reading time: 1 minute

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Argentina’s government has announced a further increase in the national ‘minimum, living and mobile wage.’ In December 2023, it will rise a further 32% from the current ARS118,000 (approx. €320 p. month as of 01 September 2023) to ARS156,000 (approx.€424). In just one year, the National Wage Council (tripartite organisation of government, unions & employers’ organisations) will have raised the national minimum wage by 150%.The debt-ridden country is facing hyperinflation (115% year-on-year...

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Featured image of the article Antoine Piel
Antoine Piel Section Head at Mind HR
Featured image of the article Antoine Piel
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