RIO DE JANEIRO, BRAZIL – As of April 2022, the minimum wage in Argentina is ARS38,940 (US$341). According to the Labor Contract Law, this figure is defined as “the lowest remuneration that the worker, without family responsibilities, must receive in cash during his legal working hours to ensure adequate food, housing, education, clothing, health care, transportation and recreation, vacation and welfare.”
But is this amount really sufficient for all that? Let’s look at the basic cost of living for an Argentine. The latest INDEC report states that the basic food basket costs ARS12,108 if it exceeds the . . .