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4w ago

Argentina Convenes New Salary Council Meeting as Minimum Wage Crisis Deepens

The government seeks to address the Minimum Vital and Mobile Salary's severe erosion, with purchasing power down over 30% since late 2023.

Billetes, pesos argentinos
De cuánto es el salario mínimo en Santa Fe en abril 2025?
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Overview

  • The National Salary Council is set to meet virtually on April 29 to debate further adjustments to the Minimum Vital and Mobile Salary (SMVM).
  • The SMVM, currently set at ARS 296,832, has lost over 30% of its purchasing power since December 2023 due to inflation outpacing wage increases.
  • A recent government decree implemented a 15.9% SMVM increase in four tranches, but it remains significantly below poverty and indigence thresholds.
  • The SMVM now covers only 58.1% of the basic food basket for a typical family and is nearly 60% below its 2011 peak in real terms.
  • Fiscal constraints and IMF program commitments limit the government's ability to authorize larger wage increases despite mounting socioeconomic pressures.