Clothing is already 30% cheaper under Milei's management, but textiles are the manufacturing sector that lost the most jobs
Clothing prices have decreased by 30% under President Javier Milei's policies, resulting in significant job losses within the textile sector.
Under Javier Milei's administration, clothing prices have dropped significantly, with items like branded jeans becoming 40% more affordable compared to 2023. This price reduction is attributed to a push for trade openness and deregulation of imports. However, while consumers are enjoying lower prices, the textile sector has experienced a dramatic decline in activity, with over 18,000 formal jobs lost and a 15% reduction in sector activity, leading to increased informality among workers.
The diminishing prices of clothing have become a cornerstone of Milei's argument in favor of his economic policies, claiming that the benefits of cheaper goods outweigh the negative impacts on employment. Nevertheless, the textile, clothing, leather, and shoe sectors currently face the highest formal job losses of any manufacturing industry in Argentina. This situation has stirred a sensitive debate across the nation, pitting the interests of 45 million consumers eager for affordable goods against the realities of a workforce struggling with job insecurity and economic instability.
In essence, the drops in clothing prices may provide immediate relief for consumers, but they signal deeper issues within the Argentine economy, particularly in terms of employment in manufacturing. The tension between consumer needs and workers' rights raises important questions about the long-term consequences of such economic strategies and the balance that must be struck to sustain both affordability and job security in the future.