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Argentina Wage Council fails to reach minimum wage agreement
Negotiations at the Wage Council for Argentina's Minimum, Vital, and Mobile Salary (SMVM) have failed, leaving the national government to set the new amount by decree. The breakdown occurred after representatives from the CGT and both CTA unions withdrew from the plenary meeting, citing an insufficient proposal from the business sector.
Labor unions demanded an immediate increase to $911,202, with a target of $993,300 by December 2026. In contrast, employer representatives proposed a staggered increase consisting of 1.8% for September and 1.7% monthly increments from October through April, which would only bring the minimum wage to approximately $468,000 by April 2027.
The current minimum wage stands at $376,600. Unions have criticized the loss of purchasing power and the government's decision to hold meetings virtually rather than in person. Additionally, the government has clarified it will not impose a mandatory $1,000,000 wage floor, leaving such decisions to individual sectors.
Entities
Argentina · Argentine government · CAC · CGT · CTA · CTA Autónoma · CTA de los Trabajadores · Central de Trabajadores de la Argentina · Confederación General del Trabajo · Secretaría de Trabajo · UIA · Union Industrial Argentina
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 29 SOURCES] The CGT and both CTA unions requested a minimum wage of $911,202, with a goal of $993,300 by December. saltadiario.com.ar · www.primerafuente.com.ar · frenteacano.com.ar · sanluis24.com.ar · www.eschaco.com · +22 more
- [DISPUTED] The minimum wage lost 40.5% of its real purchasing power between November 2023 and July 2026. airevision.com.ar
- [● 29 SOURCES] The Argentine government will define the new minimum wage by decree following the failure of the Wage Council meeting. saltadiario.com.ar · www.primerafuente.com.ar · jachalmagazine.com.ar · www.lu24.com.ar · airevision.com.ar · +22 more
- [● 28 SOURCES] The current minimum wage (SMVM) stands at $376,600. saltadiario.com.ar · www.primerafuente.com.ar · jachalmagazine.com.ar · www.lu24.com.ar · airevision.com.ar · +21 more
- [● 22 SOURCES] Employers proposed a 1.8% increase for September and 1.7% monthly increases from October to April. saltadiario.com.ar · www.primerafuente.com.ar · airevision.com.ar · jachalmagazine.com.ar · primerochaco.com · +15 more
- [● 8 SOURCES] The Argentine government will define the new minimum wage amount by decree following the failed negotiations. saltadiario.com.ar · www.primerafuente.com.ar · jachalmagazine.com.ar · www.lu24.com.ar · airevision.com.ar · +1 more
- [● 27 SOURCES] The CGT and both CTA unions rejected the business sector's proposal during the Wage Council meeting. saltadiario.com.ar · www.primerafuente.com.ar · frenteacano.com.ar · airevision.com.ar · www.eschaco.com · +20 more
- [● 5 SOURCES] Labor unions demanded the minimum wage reach $911,202 immediately and $993,300 by December. saltadiario.com.ar · www.primerafuente.com.ar · frenteacano.com.ar · sanluis24.com.ar
- [● 4 SOURCES] The current Minimum, Vital, and Mobile Salary (SMVM) stands at $376,600. saltadiario.com.ar · www.primerafuente.com.ar
- [DISPUTED] The minimum wage lost 40.5% of its real purchasing power between November 2023 and July 2024. airevision.com.ar