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Argentina government promotes 1,070,000 peso minimum wage via collective bargaining
The Argentine government, through the National Secretariat of Labor led by Julio Cordero, is promoting a strategy to establish a guaranteed minimum wage of approximately 1,070,000 pesos for August 2026. This initiative aims to improve the purchasing power of formal workers through collective bargaining agreements rather than a unilateral increase in the legal minimum wage (Salario Mínimo, Vital y Móvil), which currently stands at 376,600 pesos.
Under this plan, unions and business chambers must negotiate these floors within their respective sectors, which the government will then ratify. The proposal specifically targets sectors with lower wages, such as Maestranza, UOCRA, and Sanidad. Officials state that this approach is intended to boost consumption and support wage recovery without triggering significant inflation or additional fiscal costs.
This move comes amid a challenging economic landscape. A report from the University of Buenos Aires indicates that Argentina has lost 241,000 formal private-sector jobs since November 2023, representing a 3.8% decline in formal occupation. Additionally, the purchasing power of the minimum wage has dropped by 40.5% since late 2023. The CGT labor federation has expressed caution regarding the proposal, emphasizing the need for free negotiations.
Entities
Argentina · CGT · Centro de Economía Política Argentina · IIEP UBA-CONICET · Instituto Argentina Grande · Javier Milei · Julio Cordero · Secretaría de Trabajo · Secretaría de Trabajo de la Nación · Secretaría de Trabajo, Empleo y Seguridad Social · Universidad de Buenos Aires · University of Buenos Aires
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 27 SOURCES] The proposed wage floor must be negotiated between unions and business chambers before being ratified by the government. laredlarioja.com.ar · www.lavozdesanjusto.com.ar · www.losprimeros.tv · www.4semanas.com · datamarca.com · +20 more
- [● 27 SOURCES] The Argentine government is promoting a guaranteed minimum wage of 1,070,000 pesos through collective bargaining agreements. laredlarioja.com.ar · www.lavozdesanjusto.com.ar · www.losprimeros.tv · www.4semanas.com · datamarca.com · +20 more
- [● 6 SOURCES] The minimum wage has lost 40.5% of its purchasing power since late 2023. diariopampero.com · www.agenciacomunas.com.ar · www.dataclave.com.ar
- [● 6 SOURCES] Private formal employment fell by 9,000 jobs in May 2026. diariopampero.com · www.agenciacomunas.com.ar · www.dataclave.com.ar
- [● 7 SOURCES] Private formal employment has experienced twelve consecutive months of decline. diariopampero.com · www.agenciacomunas.com.ar · www.dataclave.com.ar
- [● 3 SOURCES] The construction sector's registered workforce has decreased by 14.2% since November 2023. diariopampero.com
- [● 7 SOURCES] The industry and commerce sectors have seen the most significant job losses. diariopampero.com · www.agenciacomunas.com.ar · www.dataclave.com.ar
- [● 7 SOURCES] Argentina has lost 241,000 formal private sector jobs since November 2023. diariopampero.com · www.agenciacomunas.com.ar · www.dataclave.com.ar