Argentina private-sector wages fall nearly 4% since Milei took office
Private-sector wages in Argentina have fallen nearly 4% in real terms since President Javier Milei took office, according to new data. Public-sector employees have fared far worse, with purchasing power down 36% over the same period.
Private-sector wages in Argentina have fallen close to 4% in real terms since President Javier Milei took office, according to figures published by economic analysts and cited by local media. The decline reflects the lingering effects of the sharp currency devaluation and spending cuts that marked the start of Milei's term.
Public-sector workers have been hit far harder, with purchasing power down 36% over the same period, as the government has curbed state salaries as part of its broader fiscal austerity program. The gap between private and public wage losses highlights the uneven impact of Argentina's economic adjustment.
The wage data adds to a mixed economic picture for Milei's government, which has touted falling inflation and a narrowing fiscal deficit as signs its program is working, even as many households continue to report reduced real incomes.
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