The
salaries of registered workers grew by 165% in 2023
according to the Report from the Secretary of Labor.
Versus an inflation of 211.4%, it represents a loss of 15%, deepening the decline of recent years.
A significant part of this fall occurred in December
due to the spike in inflation (25.6%) while salaries rose 11.4%.
It is assumed that this decline continued in this first quarter.
Registered employees
(
public and private) totaled almost
11 million in December.
The average gross nominal remuneration for December 2023
, excluding seasonality, among other reasons due to the collection of the half bonus,
was $572,426
versus $276,528 for the same month of 2022.
For its part, the gross remuneration of
half of the registered workers was $449,193
compared to $169,863 a year ago.
That is, 10% below the poverty line: as of December, the
poverty basket of a typical family was $495,798.32.
This explains the increase in
poverty among formal workers.
The gross remuneration - prior to deductions for retirement and health - is that declared by the companies for each month.
Does not include compensation.
In the case of remuneration without seasonality, among others, the half bonus for June and December is not included.
Registered employment falls since September
For its part, “after positive monthly variation rates were observed in private registered employment uninterruptedly between August 2020 and August 2023,
drops in employment were observed in September, October, November and December 2023.
”
In this way, the recovery process of the formal salaried labor market that began in August 2020 is interrupted,” says the Report.
One of the main sectors that led to this decline in private employment was construction
,
“which stopped its growth seven months ago and accelerated its decline in the last four.
From 470,500 workers in May 2023 it was reduced to 425,884.
And it is estimated that it continued to fall in this first quarter of 2024 due to the stoppage of public works, among other reasons.
To this is added that
Hotels and restaurants
, which reached a maximum level of employment in August 2023 and from the following month had a contractionary trend.
“The performance of these sectors, which until recently were the most dynamic, explains a good part of the change in the current situation of the formal labor market,” the Report states.
This behavior of private registered employment was different depending on the activities and provinces.
The Report indicates that
monthly employment growth was observed in 9 sectors,
while a contractionary trend was observed in five sectors.
Among the branches of activity with
the greatest monthly dynamism
are: Fishing (+5.5%);
Agriculture and livestock (+0.4%);
Exploitation of mines and quarries (+0.3%) and Financial intermediation (+0.3%).
On the contrary, the sectors that presented the
greatest contractions
were: Construction (-2.9%);
Manufacturing industry (-0.2%) and Hotels and restaurants (-0.2%).
The provinces that expanded employment were: Chubut (2.4%), Entre Ríos (0.3%), Mendoza (0.3%) and Salta (0.2%).
And those that showed a drop were Tierra del Fuego (-3.2%), Formosa (-1.7%), San Luis (-1.2%), San Juan (-1%), La Rioja (-0, 7%), Chaco (-0.8%), Catamarca (0.7%) and Jujuy (-0.7%).
In the City and Province of Buenos Aires there were no major changes.
Self- employment
increased
in relation to the previous month due to the growth of workers in the monotax regime (0.6%).
On the other hand, self-employed workers and contributors to the social monotax decreased in the month of December 2023 (-1.3% and -0.7% respectively).
And there were no changes in the work of Casas Particulares (462,473 registered in December)
NE