Worthy of their higher?
Milei’s government seems so grateful that unemployment has not risen dramatically, despite drastic austerity, that they’ve apparently settled for the falling productivity and job quality accompanying the relatively stable employment levels. Leer más
The libertarian government in Argentina, led by President Javier Milei, has been criticized for rejecting industrial policy, which allegedly favors sectors involved in export-led growth such as energy, mining, and hi-tech. However, critics argue that this stance is contradictory, as Milei's predecessors implemented a state-controlled regime that stifled business growth and burdened the country with high taxes.
The government's recent proposal of a seven-digit minimum wage aims to stimulate consumer markets, but it is perceived as inconsistent and potentially detrimental to the economy. Moreover, the proposal to peg the minimum wage at nearly a million pesos would have devastating fiscal consequences, as it would significantly increase pension benefits and exacerbate the budget deficit.
Despite the government's efforts to address wage issues, the trade-off between full employment and productivity remains a significant challenge for Argentina, as it has historically prioritized employment over productivity growth.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
