According to a study: today's salary buys about 50 kilograms less meat than under Cristina and Macri
A report indicates that under Javier Milei's government, the purchasing power of salary for beef has decreased significantly compared to previous administrations.
A recent report by AZ-Group reveals that the average salary in Argentina now allows for the purchase of approximately 112 kilograms of beef, a stark contrast to the 171-163 kilograms available during the presidencies of Cristina Kirchner and Mauricio Macri. This analysis employs the average taxable remuneration of stable workers (Ripte) and adjusts for inflation to provide a clearer picture of the purchasing power of salaries compared to previous years. The report indicates that current salaries have diminished the ability of Argentine workers to buy meat, which is a staple of the Argentine diet.
Diego Ponti, a livestock analyst at AZ-Group, emphasized the significance of these findings, noting that the gap in purchasing power is around 50 kilograms less compared to the eras of Kirchner and Macri, and roughly 20 kilograms lower than under Alberto FernΓ‘ndez's administration. The report reflects a worrying trend regarding the economic conditions facing Argentine workers, as the purchasing power of salaries continues to shrink amid ongoing inflationary pressures in the country. The stabilization of cattle prices has been mentioned, suggesting that despite some economic adjustments, the purchasing ability of the average worker remains diminished.
This analysis has broader implications for the Argentine economy and society: as meat consumption is an integral part of culture and tradition, the declining purchasing power could lead to altered dietary habits among the population. Furthermore, the economic discontent may influence public sentiment towards the current government's policies and could impact future electoral outcomes. The findings underscore the need for better economic strategies to enhance the well-being of Argentine workers and restore their purchasing power for essential goods such as meat.