Half of registered workers earned a salary below $450,000 in 2023. It is less than the value of the basic basket for a typical family.
Formal employment has fallen since September, especially in the Construction sector. The average gross nominal remuneration for December 2023, excluding seasonality, was $572,426 versus $276,528 for the same month of 2022. In the City and Province of Buenos Aires there were no major changes in the social monotax.