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Latino Daily News

Tuesday September 2, 2014

Minimum Wage in Argentina Increases by 31 Percent

The Argentine government raised the minimum wage by 31 percent to 4,400 pesos ($523) a month, according to a decision published Tuesday in the official gazette.

The pay hike was agreed upon at the annual Wage Council, which on Monday convened representatives of the government, unions and businesses at the Labor Ministry.

The decision, signed by Labor Minister Carlos Tomada, establishes a new wage increase beginning in January, when the monthly minimum wage will rise to 4,716 pesos, equivalent to $561 at the current exchange rate.

In negotiations pursued by different unions this year, average wage increases of 29.7 percent were achieved, according to official figures.

Last year the minimum wage increase amounted to 25 percent.

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