Long time local business owner with local employees here. This plan will be a complete failure as it ignores the reason for half the labor force being unregistered and there being almost zero private employment creation (which is the root cause behind inflation in Argentina).
The reason of course are the labor and tax laws which make hiring employees in white a non starter as the unlimited liability simply presents a mathematically unappealing risk/ reward ratio for employers. The current obligatory severance pay system needs to be replaced with an unemployment insurance system similar to what exists in the USA. The current system is only working for the labor attorneys. It now takes 7-10 years for labor lawsuits to go through the labor courts so not only do the fired employees not get paid but millions of jobs are never created as a result of the inherit unlimited liability that the current severance pay laws imply.