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2mo ago

Nearly Four Minimum Wages Needed to Avoid Poverty in Argentina, Study Finds

A new CIFRA-CTA analysis links the gap to a sharp drop in the minimum’s purchasing power following the Milei government’s early devaluation.

En julio último, una familia tipo en la Argentina necesitó casi cuatro salarios mínimos para cubrir el costo de la canasta básica y no caer bajo la línea de pobreza.
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Overview

  • INDEC put July’s poverty-line basket for a typical four-person household at $1,149,353, while the monthly minimum wage stood at $317,800.
  • CIFRA-CTA calculates that nearly four minimum wages were required to cover that basket, describing the relationship as worse than in 2001 and below much of the 1990s.
  • The report attributes roughly 30% of the minimum wage’s purchasing-power loss to the government’s initial devaluation.
  • In real terms, the minimum in August 2025 was 43.4% below November 2019 and 56.7% below November 2015, and it would exceed $740,000 without the decade-long erosion, according to CIFRA.
  • The minimum now amounts to less than one-fifth of the average wage in registered private employment, highlighting its diminished influence as a wage floor.