The minimum wage in Argentina will rise to $202,000 in March 2024. In relation to estimated inflation, the deterioration of the SMVM in just 3 months would be more than 20%.
The purchasing power of the minimum, vital and mobile wage has shown a negative trend since 2011. The poverty basket for a typical family was little more in January. of $596,823.18, without computing rent, according to INDEC. The Minimum Living and Mobile Wage for December was $156,000 for those paid monthly or $780 per hour. The Employment Contract Law assigns three characteristics to the minimum wage.