In December, the
of formal workers with Social Security contributions
increased 5.4% compared to inflation that month was 5.1%
This 0.3 point improvement was not enough to reverse the
loss of 2022:
the remuneration of formal employees accumulated
an annual increase of 89.3% versus inflation of 94.8%
It represents on average a loss of 2.8%.
With this fall,
in the last 5 years, the wage decline is 18.7%
there was no wage recovery during the current Government
The sequence was:
• In 2018, the RIPTE (average salary) increased 30.6% and year-on-year inflation was 47.6%.
A loss of 11.5%.
• In 2019, the salary increase was 44.4% and inflation was 53.8%.
A loss of 6.1%
• In 2020, wages rose 34.9% and prices 36.1%.
A decline of 0.8%.
• In 2021, formal wages rose 53.4% and the CPI 50.9%.
An improvement of 1.66%.
• In 2022, wages increased 89.3% and prices increased 94.8% on average.
A loss of 2.8%.
The salary data are official and correspond to the RIPTE (Taxable Remuneration of Stable Workers), whose monthly series began in July 1994, and mark the
phenomenal drop in real wages among registered workers
Greater is the loss among unregistered wage earners.
The RIPTE is calculated on the basis of the average remuneration subject to contributions to the Argentine Integrated Pension System (SIPA) received by workers under a dependency relationship and who were declared continuously during the last 13 months.
As of December, gross wages (without discounts) with contributions
according to the amounts declared by the companies to Social Security.
A year ago, they were $$102,589.87.
As it is the gross salary, to determine the out-of-pocket income, at $194,175.11 the worker's retirement and health contribution (17%) would have to be discounted.
That would give
you a net out-of-pocket salary of $161,165.
In total, workers in a dependency relationship with contributions to the ANSeS add up to about 7.5 million, around 75% of the almost 10 million wage earners in a registered dependency relationship.
The rest contributes to the provincial savings banks or other schemes.
These 10 million, in turn, represent
half of all formal and informal jobs in the country
(monotributistas, self-employed, wage earners without retirement discounts and informal self-employed workers).
As a salary index, the RIPTE is used as of February at 90% to set one of the 2 variants of the increase in prepaid and every three months (March, June, September, December) to set
half the mobility percentage of retirement,
pensions and other social benefits and in the calculation of compensation for work accidents.
It is also used to
update once a year the Minimum Non-Taxable Income Tax.
And the salary floor of the tax.
In addition, it is taken into account to update the Family Income cap once a year to collect Family Allowances, a cap that is very outdated and is leading to
more workers losing the collection of the family salary
per son or daughter.
And every month the quota that employers pay to the Disease Fund for COVID insurance increases.
That fee is $183 per employee and will be paid starting in February.
The blue dollar jumped to $386 and accumulates a rise of almost 12% in the month
Inflation triggered the amount of expenses and increased delinquency in buildings