Economist Carlos Melconian has raised concerns regarding Argentina's recently approved labor reform by the Chamber of Deputies. While he acknowledged the government's initiative as a potential 'step forward', Melconian tempered this optimism by emphasizing the lack of confidence in the overall economic plan. He highlighted the disconnect between labor demand and the willingness to formalize, suggesting that simply reforming labor laws won't necessarily translate to improved economic conditions or job creation.

Melconian pointed out that the real test for economic growth is tied to genuine employment opportunities and a restored faith in hiring. He indicated that after so many years of economic instability, the belief in the potential for employment growth is crucial, noting that dissatisfaction with the current legal framework could lead workers and employers to continue avoiding formalization. Moreover, he warned about the risks associated with delays in currency valuation, which could exacerbate the situation and further hinder recovery efforts.

In conclusion, Melconian's commentary reflects broader concerns amongst economists regarding the effectiveness of labor reforms in addressing Argentina's deep-seated economic issues. His remarks underscore the need for a more comprehensive approach that not only addresses labor laws but also rekindles trust in the economy and promotes real job growth, as the success of such reforms may hinge on a more favorable economic climate and legal landscape.