Argentina’s Minimum Wage Purchasing Power Plunges 40% Under Milei

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…