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[BUSINESS] · Argentina · 25 sources

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Argentina government convenes council to set new minimum wage

The Argentine government has convened the National Council of Employment, Productivity, and the Minimum Wage for a plenary session on August 28, 2026. The meeting, which will be held virtually, aims to determine a new Minimum Living and Mobile Wage (SMVM) and update unemployment benefits.

This call comes amid reports of declining real wages. Data from the Secretariat of Labor shows that the average real salary for registered private sector workers fell by 0.9% in June 2026, marking a two-month consecutive decline. Various sectors have seen significant disparities; while building managers saw purchasing power gains, the textile and metalworking sectors experienced sharp contractions.

Labor unions, specifically the FreSU-Federal, have expressed urgent demands, stating that a worker requires $3,065,161 per month to cover essential constitutional needs—a figure more than eight times the current minimum wage. Additionally, reports indicate severe purchasing power losses for other sectors, including a 40.5% decline in CONICET scientific salaries since November 2023 and a significant loss in purchasing power for minimum pension beneficiaries.

Entities

ATE · Argentine government · CONADU · CONICET · Claudia Testa · Consejo Nacional del Empleo, la Productividad y el Salario Mínimo, Vital y Móvil · Federico Sturzenegger · FreSU-Federal · Frente de Sindicatos Unidos · Government of Argentina · Javier Milei · Rodolfo Aguiar

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