In the first two years of Javier Milei's administration, registered private employment decreased significantly, failing to be compensated by an increase in the number of freelancers and monotributistas.
During the initial two years of Javier Milei's presidency, registered private employment in Argentina saw a notable decline, with a loss of 300,000 jobs, as reported by the Ministry of Labor. This reduction was more pronounced than in the public sector, which lost around 80,943 jobs. Despite a rise in the numbers of monotributistas, which increased by 145,000, this did not offset the significant fall in dependent salaried positions, highlighting a troubling trend in the labor market.
Official data showed that the number of private salaried workers dropped from 6,385,764 to 6,189,071, equating to a decrease of 196,693 jobs. In the same timeframe, public employment decreased from 3,484,305 to 3,403,362, while household workers also saw a drop. The notable shift towards more freelancers and monotributistas underscores a precarious shift in employment patterns, as many workers transition from more stable salaried positions to less guaranteed income streams.
Overall, the data points to a challenging employment landscape in Argentina, as the total registered salaried employment fell by 299,632, even with an increase in independent workers. This trend raises concerns about job security and the overall economic health of the country, as the reliance on freelance work can signify instability in the labor market, potentially impacting consumer spending and economic growth in the long term.
