Argentine Workers, Businessmen Agree to Boost Minimum Wage 25%
Argentine workers’ minimum wage will rise by 25 percent, following an agreement between government officials, labor unions and business leaders last night, according to a presidential statement.
The new minimum wage will be 2,300 pesos ($549.71) per month, from the previous $1,800, President Cristina Fernandez de Kirchner announced, according to the statement. The agreement shows that businessmen and union and government officials “live up to the expectations society has for them,” Fernandez said.
The minimum salary has increased 820 percent since 2002, the government said earlier this week.
To contact the reporter on this story: Rodrigo Orihuela in Buenos Aires at rorihuela@bloomberg.net.
To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net.
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