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2h ago

Argentina to Set Minimum Wage by Decree After Talks Collapse

A wide gap between labor demands versus employer offers forced a decree decision, with the new amount still pending.

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El salario mínimo sigue perdiendo contra la inflación

Overview

  • The Consejo del Salario meeting ended without consensus, and the Secretariat of Labor said the Executive will fix the new SMVM by decree.
  • The current minimum stands at ARS 322,000, below October’s Total Basic Basket reported at ARS 392,815.
  • Union proposals ranged from the CGT’s ARS 512,000 for November with ARS 553,000 by April 2026 to the CTA Autónoma’s reference of ARS 736,000.
  • Employer representatives offered a smaller rise to about ARS 326,000 now and ARS 349,000 in April, aligning with the government’s caution about risks to formal jobs in SMEs.
  • Labor and social organizations rallied outside the Labor Secretariat to press for a floor tied to the basic basket, and the decree’s amount and start date will be defined in the Official Gazette.