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In 2019, blank wages lost 6.1% of purchasing power against inflation

2020-02-18T14:56:43.604Z


They increased almost 10 points less than prices. The greatest deterioration, after the STEP.


Ismael Bermudez

02/18/2020 - 11:50

  • Clarín.com
  • Economy
  • Economy

During 2019, formal or blank wages lost 6.1% of purchasing power (purchasing capacity) against inflation: they increased 44.36%, while the average price increase was 53.8%.

Example: if someone charged 100 pesos and could buy certain products for 100 pesos, by increasing their salary to 144.36, (+ 44.36%) but the items to 153.8 (+ 53.8%), now it is enough to buy 93.9% of that same basket. Thus, its purchase capacity fell 6.1%.

The salary data correspond to the RIPTE (Taxation of Stable Workers) which, as of last December, was an average of $ 49,574.33 , according to official data. A year ago, it was $ 34,339.35. These figures arise from the declarations of the companies before the Social Security.

Since it is the gross salary, the employee's retirement and health contribution (17%) should be deducted at $ 49,574.33 and, eventually, add the family salary. According to the family structure, the average salary in hand would be around $ 41,100 and just over $ 43,000.

Although in the 12 months, in 6 months inflation exceeded the rise in the salaries calculated by the RIPTE and in another 6 months the opposite happened, the sharp fall in wages in relation to the increase in prices occurred, after the STEP , in August (1.9% vs. 4%), September (3.2 vs. 5.9%), November (1.6% vs. 4.3%) and December (2% vs. 3, 7%)

Meanwhile, the cost of the family poverty basket of a marriage with two boys, according to INDEC in December, was $ 38,960.33 , a value not far from the formal average salary. If informal wages or those that do not contribute to Social Security are incorporated, the average salary is lower than the cost of the family poverty basket.

In relation to December 2015, when he assumed the macro management, the deterioration of the real formal salary reached 19.5% .

Now, with the fixed lump sum increases ordered by the Government on behalf of the peers, and the figure of 2.3% inflation in January, the Government discovers that the numbers of the first months should mark the rise in the Salaries exceeded average inflation.

Source: clarin

All business articles on 2020-02-18

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