Argentina's real minimum wage has fallen roughly 40% since President Javier Milei took office in late 2023, leaving workers able to buy only 60% of what they could before.
Argentina · Labour & Prices
Key Facts
—Real decline. Argentina’s real minimum wage has fallen approximately 40% since Javier Milei took office in December 2023.
—Historic low. Current purchasing power is worse than during the 2001 crisis and 66.5% below its September 2011 peak.
—Bread and beef. A kilo of bread now costs 2.5 hours of minimum-wage work, up from one hour in 2016; ground beef requires nearly six hours.
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