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Argentina Hikes Minimum Wage 31%
Latin American Herald Tribune [Miami FL], by Staff

Original Article

Posted By:PageTurner, 9/5/2014 3:39:57 AM

BUENOS AIRES – The Argentine government raised the minimum wage by 31 percent to 4,400 pesos ($523) a month, according to a decision published Tuesday in the official gazette. The pay hike was agreed upon at the annual Wage Council, which on Monday convened representatives of the government, unions and businesses at the Labor Ministry. The decision, signed by Labor Minister Carlos Tomada, establishes a new wage increase beginning in January, when the monthly minimum wage will rise to 4,716 pesos, equivalent to $561 at the current exchange rate.

Comments:
That´ll solve ´er! Argy will now be saved. /s

Watch Obama take a cue from this wretched socialist hellhole.

      


Post Reply  

Reply 1 - Posted by: planetgeo, 9/5/2014 5:34:44 AM     (No. 9994330)

As I´ve previously pointed out, socialists are missing the Math gene. They can´t help coming up with absurd ideas that don´t add up, because they just can´t add. Period.

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Reply 2 - Posted by: agrunt, 9/5/2014 6:36:42 AM     (No. 9994378)

Those with no or very little brains would have been even happier with a raise of 10,000 pesos. And for all the good it will do them they might as well have.

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Reply 3 - Posted by: gazela, 9/5/2014 1:23:28 PM     (No. 9995008)

Well, that´ll just about cover this weeks inflation.

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Reply 4 - Posted by: mackrand, 9/5/2014 3:07:05 PM     (No. 9995152)

Must be something in the water. There´s no other plausible explanation...

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