Argentina Does The Impossible in Just 1 Year from Bankruptcy to Booming Economy

[elhombresinnombre]

With nearly 15 billion YouTube videos out there and more being added at about 500 hours per minute (Wikipedia) how does anybody find stuff like this? Or does it just get added to a subscriber's feed? A quick look through their back catalogue will probably tell you everything you don't want to know about them.

 

[sergio]

Prices through the roof. About 50% poverty. Masses living in the streets. Many retirees (living?) on less than U$S 300/mo. Social programs severely cut. Children's hospital recently closed that treated 600,000 patients in the past year, many with cancer and other fatal ailments. Medical research shut down or extremely defunded, as are schools. Arg.is an oligarchy with the battle cry, ("Privatize everything, and let it trickle down!).
But it does not "trickle". When the Richies cups fill, they just replace them with bigger cups.

The Catholic University of Argentina reports an increase, not decrease, in poverty.

 

[LuckyLuke]

It's easy to over simplify something as broad as an entire country. Trickle down economics is not some all encompassing effect that showers the country with even consumption across all categories. It does have some merit though...

Have a look at this chart:


Data for 2022. Source: BLS, Haver Analytics, Apollo Chief Economist

Different social & economic classes spend on different things and a boom in one sector at the expense of another can benefit difference classes.

Studies indicate lower-income households tend to spend a larger share of their budget on essential items like housing and food, while higher-income households allocate more to discretionary spending like recreation, transportation, and education.

In addition to the above, you have consumer spending shifts as a result of inflation stabilization, from consumables (which often required purchasing immediately in bulk due to inflation) to assets (which can now be better planned due to greater price stability). For example, used car purchases this year are at the highest record than the past 30 years.

El primer semestre marcó un récord en ventas de autos usados para los últimos 30 años

Pese a la falta de financiación con tasas accesibles, en seis meses se llegó casi al millón de operaciones, el mayor registró desde 1995, cuando empezó a llevarse esta estadística. Fue también el mejor junio de los últimos 10 años

www.infobae.com

 

[perry]

anyone living on a pensión in argentina is many times worse off than a few years ago . how can a economy boom if there is no consumption . no tourism . and outrageous prices for basically the most minimum

 

[newtraderoute]

anyone living on a pensión in argentina is many times worse off than a few years ago . how can a economy boom if there is no consumption . no tourism . and outrageous prices for basically the most minimum

I am curious-do you believe this?

 

[newtraderoute]

I am curious-do you believe this? Seems like propaganda to me -

 

[LuckyLuke]

anyone living on a pensión in argentina is many times worse off than a few years ago . how can a economy boom if there is no consumption . no tourism . and outrageous prices for basically the most minimum

You can't discuss pensions without analyzing the whole concept. Jubilacion in this country is not just a social security, it's also a state welfare program.

More than 60% of jubilados charge the minimum.

To pay for this, the Aportes Jubilatorios come from a labor force where 42% is en negro. That means zero contributions into the system. Where did the other 18% of jubilados come from? Stay at home mothers, family caretakers, etc. People who never even worked a paying job per se.

Do you know what you receive in Social Security in the USA if you have below 40 credits (10 years of contributions)? Zero...absolutely nothing.

Yet, in Argentina, they at least get a minimum state welfare. Now you could easily say, but the Jefe didn't offer me the job en blanco and it's all a horrible exploitation of labor. A couple of years ago I would have believed that, but today I cannot even begin to describe to complete complicity at virtually all levels of commerce in paying everything possible en negro. It really is a countrywide cultural phenomenon rooted in the total distrust of the state apparatus.

As far as I'm concerned, you can't go out and riot for increases to government welfare at the Casa Rosada next to the storefront sign saying 20% discuento effectivo. The government could easily placate the masses by printing the deficit in Jubilacion contributions but then you are going to get other protests saying "stop the inflation".

Either the program needs to be adjusted to paying contributions or the labor class needs to contribute their fair share.

 

[sergio]

You can't discuss pensions without analyzing the whole concept. Jubilacion in this country is not just a social security, it's also a state welfare program.

More than 60% of jubilados charge the minimum.

To pay for this, the Aportes Jubilatorios come from a labor force where 42% is en negro. That means zero contributions into the system. Where did the other 18% of jubilados come from? Stay at home mothers, family caretakers, etc. People who never even worked a paying job per se.

Do you know what you receive in Social Security in the USA if you have below 40 credits (10 years of contributions)? Zero...absolutely nothing.

Yet, in Argentina, they at least get a minimum state welfare. Now you could easily say, but the Jefe didn't offer me the job en blanco and it's all a horrible exploitation of labor. A couple of years ago I would have believed that, but today I cannot even begin to describe to complete complicity at virtually all levels of commerce in paying everything possible en negro. It really is a countrywide cultural phenomenon rooted in the total distrust of the state apparatus.

As far as I'm concerned, you can't go out and riot for increases to government welfare at the Casa Rosada next to the storefront sign saying 20% discuento effectivo. The government could easily placate the masses by printing the deficit in Jubilacion contributions but then you are going to get other protests saying "stop the inflation".

Either the program needs to be adjusted to paying contributions or the labor class needs to contribute their fair share.

Don't you need THIRTY years to get any pension?

 

[LuckyLuke]

Don't you need THIRTY years to get any pension?

Someone with more knowledge on that will have to chime in...

We have this one here (which my suegra receives):

"Si sos mujer, tenés hijos y la edad requerida para jubilarte, pero te faltan años de aportes, podés solicitar que te reconozcan aportes por tareas de cuidado y acceder a una jubilación."

Adultos mayores

Si querés jubilarte, gestionar una pensión o ya sos jubilado o pensionado, te acercamos información útil sobre los servicios, beneficios y trámites más habituales.

www.argentina.gob.ar

We also recently had this one here...though the program has recently expired.

• El 23 de marzo venció la moratoria previsional de 2023, un sistema sancionado como ley durante el gobierno de Alberto Fernández (Frente de Todos) que ofrecía la posibilidad de acceder a una jubilación a personas que no cumplen con los años de aportes necesarios.
• A partir de esa fecha, las personas que no cumplan con los 30 años de aportes requeridos tendrán derecho a acceder a la Pensión Universal para el Adulto Mayor (PUAM), que representa el 80% de la jubilación mínima.
• Para poder acceder al beneficio se debe contar con más de 65 años; ser argentino, naturalizado con 10 años de residencia o extranjero con 20 años viviendo en el país; y no cobrar ningún otro beneficio previsional.

Fin de la moratoria previsional: cómo podrá jubilarse una persona que no cumple con los años de aportes

El 23 de marzo de 2025 venció la moratoria previsional que le permite acceder a la jubilación a las personas que ya alcanzaron la edad pero no cumplen con el tiempo de aportes requerido. El...

chequeado.com

There is still another program called La PUAM (fue incluida en la Ley de Reparación Histórica para jubilados y pensionados, aprobada durante el gobierno de Mauricio Macri (Cambiemos). Se trata de una cobertura previsional para personas mayores de 65 años que no cuentan con ninguna jubilación o pensión.).

 

[Bajo_cero2]

Sure, and he talks with a dead dog. The economy is dead. Nobody can export, tourism is dead.