The participation of workers in relation to the value of companies' production fell to 44.4% in the last quarter of 2023,
the lowest percentage
for a fourth quarter of the INDEC series that began in 2016.
At the end of 2016, workers took 53.9%
of the “cake”, they fell to 46.5% at the end of the Mauricio Macri government (2019)
and fell again to 44.4% with Alberto Fernández
, according to the quarterly report of the “Income Generation and Labor Input Account” of the INDEC.
It is assumed that this smaller portion of the “pie” for workers
was even smaller in this first quarter
due to the sharp drop in real wages and price increases.
These data mark the fall in wages in relation to inflation, in the participation in the income or billing of companies,
a decrease in labor costs,
a strong increase in labor productivity, and an increase in informality in salaried employment. .
Therefore, in almost the same proportion as the participation of the working sector fell,
the business sector increased its portion in the distribution of the pie
, going from 38.6% to 41.7% at the end of 2019 and to 43.4%. %, in those 7 years.
For its part, due to the increase in informality and the “de-salaryization” of employment,
professionals and self-employed workers
rose from 11.5% at the end of 2016 to 14% at the end of 2019 and ended at
14.7% at the end of 2023.
The Income Generation Account, in the Remuneration for Work item, computes the wage bill: salary per worker and number of employed workers.
Since 2017, the wage bill in GDP has fallen
as a result of several phenomena: wages grew less than inflation and production prices (“salaries down the stairs prices down the elevator”) and
the increase in jobs was concentrated in the categories of black salaried employment and informal self-employment,
with incomes much lower than that of registered workers.
Last year ended with a record of 5,776,000 unregistered salaried positions compared to 4,753,000 at the end of 2016, as reported by
Clarín
.
In short, all this happened due to the combination of the real decline in wages and labor costs, the increase in domestic and international prices and the
greater precariousness of employment.
By sectors, with the
lowest participation of labor
in the value of production are
agriculture
(16.6%) and
mining
(24.4%). This is followed by wholesale, retail and repair trade (25.3%), manufacturing (30%) and hotels and restaurants (30.1%).
“The share of remuneration for salaried work was 45.5% in the fourth quarter of 2022 and 44.4% in the fourth quarter of 2023. This drop of 1.13 percentage points is due to -0.56 points by the public sector and -0.57 points by the private sector,” says the INDEC report.
By sector of economic activity, the decreases stand out in education (-0.29 points), public administration and defense and the manufacturing industry, with -0.25 points each. An increase is observed in wholesale, retail and repair trade (0.20 points) and hotels and restaurants” (0.05 points).
NE