It's a low cost of living for you, the rich expat. It's not low cost of living for people working entry level jobs, it's expensive.
This is important to remember, it's cheap in dollars, the average salary in Argentina was $71,363 in March 2021, or $432.50/month,
or $5,622.50 a year (13 months for aguinaldo). I think many of us would feel differently about things if that's what we had to live on.
However, that being said, I still think there's lots of opportunity here. My advise to Argentine teenagers would be to study computer
sciences and English, use the universal education system to get a degree, and work remotely for a foreign company that pays in
dollars or euros, and live like a king here on even something like $10/hour; sure as hell beats living in NYC/Boston/LA/Chicago, etc.
at $20/hour, and I'm willing to bet the same for many cities in Europea and Australia too.
The above works only if you're getting 3 meals a day, have running water, electricity, internet, and the means to afford rent/food/etc.
while studying, which, as discussed, is something that upwards of 20% of Argentines do not have, being classified as both under the
poverty line and indigent. This isn't unique to Argentina, I finished high school shortly after the Great Recession, and I knew kids who
had to drop out to work to support their families, in 2009...