Monday, December 6

Wages rose 4% and beat inflation in September

In the ninth month of the year, several increases corresponding to parity quotas were applied. The increases in the Health, Maestranza, Graphics, Construction, Gastronomic and Public Administration unions stand out.

Thus, in the first nine months of the year the total Wage Index accumulates an increase of 38.3%, above the increase in prices registered in the same period (37.0%).

Salaries in the Public sector led the rise (45.1%), followed by the Registered Private sector (41.3%) and then by those of the Unregistered Private sector (20.5%).

Year-on-year, the Total Wage Index grew 51.3% (vs. 49.1% year-on-year in August), below inflation in the same period (52.5%).

By sector, the wage of the registered Private sector grew 55.2% year-on-year, that of the Public sector 55.9% year-on-year –both above inflation– and that of the unregistered Private sector 33.8% year-on-year.

“Registered private employees achieved a real increase in their wages for the second consecutive month, public employees had their first month of real year-on-year increase and, unfortunately, informal workers registered the ninth month of consecutive and growing fall. Compared to September 2020, his real salary lost 12% ”, commented IARAF economist Nadin Argañaraz.

And he remarked that “it is a priority to lower the inflation rate, in order to reduce relative price distortions in this way. The salary gap between registered employees and informal employees is very large ”.

Along these lines, the Government announced yesterday that ANSES pensions will rise 12.11%, as well as the Universal Child Allowance (AUH). This is the fourth pension increase of the year and reaches more than 16 million beneficiaries. With the update of the Salary Index, and according to the current retirement mobility formula, the assets of retirees, pensioners and beneficiaries of other social benefits will receive an increase of 12.11% in the month of December, official sources confirmed. Thus, the annual increase is 52.7%, which will imply a real increase for retirees, pensioners and holders of ANSES allowances.

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