Is the Milei "Transformation" Failing Already?

[MilHojas]

What is the minimum wage: 1)on December 20? 2) Now?

Anexo:Salario mínimo en Argentina - Wikipedia, la enciclopedia libre

es.wikipedia.org

 

[antipodean]

What is the minimum wage: 1)on December 20? 2) Now?

El salario mínimo pasará a 156.000 pesos en diciembre

El Ministerio de Trabajo de la Nación formalizó la medida a través de la Resolución 15/2023 del Consejo Nacional del Empleo, la Productividad y el Salario Mínimo, Vital y Móvil, que se publicó hoy viernes en el Boletín Oficial.

www.argentina.gob.ar

1. ARS 156.000 (Official@823 = USD 189/ Blue @995 = USD 156)

Capital Social: Se actualizó el monto del Salario Mínimo Vital y Móvil

Este monto es usado para calcular el aporte de cada persona asociada al capital social de una cooperativa.

www.argentina.gob.ar

2. ARS 234.315 (Official@905 = USD 258/ Blue @1120 = USD 209)

Increase = 37% official / 33% blue.

 

[perry]

Resignation? Like what to do even, who to call? Cristina is well remembered, massa isn't even in consideration, things are too complicated for the crowd to demand something...

In many countries streets would be burning on 20 of December already, not in Argentina. Instead people try to get by, some burning savings, some going to crime, most lowering their spending habits. All are waiting for things to get better as promised even if many don't believe they will. But what to do anyway? Run milei out of office is a hard and ugly work, and there is nothing and noone to turn to. And by now Argentines are a bit used to turbulent times, and expect it'll turn to better as it happened always in the past. I guess most find this the best way at the moment.

It might result in some turbulent times soon, depending on near future.

A sign of a healthy economy is employment . Since Milei has come into power hundreds of thousands of Jobs have been lost and this is intesifying as the country is in full depression mode now . With no money invested in public works provinces public services it seems that the whole system is being destroyed in the quest of privatizing everything . Small businesses are the most affected with their costs skyhigh and their earnings at record lows . All over the city of Buenos Aires there are many empty shops and restaurants are working very reduced hours . They have at most one year to last and we will see 30 percent go under Many people are applauding that there is a budget surplus that looks good on paper but the reality is vastly different on the ground . Its like that the head of the house has a budget surplus at the end of the month but his family is suffering from lack of food and medicines which are denied due to no hay plata .

 

[Lanick]

Could Argentina become a global economic powerhouse again by implementing Milei’s proposed free-market reforms? Yes it can! Reducing government intervention, lowering taxes, and dismantling protectionist policies of the past will stimulate economic growth. Give him time. His focus on deregulation will attract more foreign investment and help boost domestic entrepreneurship, jobs and peoples incomes. By addressing inflation and fiscal deficits through stringent monetary policies, he will eventually stabilise the economy. Rome wasn’t built in a day. Additionally, his plans to improve infrastructure and education will enhance productivity and workforce competitiveness. With these strategies will rejuvenate Argentina's economy and can restore its position on the global stage. Of course this journey is not pain free but neither have the past decades either been pain free. Vamos Argentina y tengan confianza y fe. Juntos podemos

Domestic entrepreneurship is almost non existent since It was not worth it. Argentine products had no global competitiveness thanks to the currency policies. FDI stayed away from Argentina as well. Got huge potential to become a global player and yes we need time. Rome wasn’t built in a day!

 

[Musicman]

A sign of a healthy economy is employment . Since Milei has come into power hundreds of thousands of Jobs have been lost and this is intesifying as the country is in full depression mode now . With no money invested in public works provinces public services it seems that the whole system is being destroyed in the quest of privatizing everything . Small businesses are the most affected with their costs skyhigh and their earnings at record lows . All over the city of Buenos Aires there are many empty shops and restaurants are working very reduced hours . They have at most one year to last and we will see 30 percent go under Many people are applauding that there is a budget surplus that looks good on paper but the reality is vastly different on the ground . Its like that the head of the house has a budget surplus at the end of the month but his family is suffering from lack of food and medicines which are denied due to no hay plata .

This is temporary and an unfortunate pain to bear as part of the change to better times. You can blame the Ks and Alberto’s policies for this. Better times are coming.

 

[perry]

This is temporary and an unfortunate pain to bear as part of the change to better times. You can blame the Ks and Alberto’s policies for this. Better times are coming.

Great Musicman. Can you please in laymans terms the economic plans of Milei that will improve the lives of argentinians and create employment .

 

[Musicman]

Deregulation and privatization will boost efficiency and job creation. Dollarizing the economy helps to stabilize prices in pesos and reduce inflation, fostering a more secure environment for investments and job security and costa of living for locals. (Not so good for expats though who prefer low prices in USD while the majority in Argentina live with 300% inflation and poverty) in addition trade liberalisation will open up larger markets for businesses, enhancing job opportunities. Overall, these measures will create more jobs and improve living standards for the working classes. Of course no economic plan is without risk and these include in the short term increased inequality, potential job losses from privatization, economic instability from dollarization, and challenges in rapid deregulation. But we need to keep the focus on the longer term improvements. Nothing is free and there is a cost involved in these necessary changes. Juts look at the mess before Milei arrived and consider the effects of that for the Argentina people long term. (Not USD rich expats who benefitted under the Ks and Alberto policies)

 

[Agribotics]

The annual inflation rate in Taiwan is currently 1.95% because its government relies on taxes and fees to pay its bills rather than by printing money. Argentina's rampant inflation is caused by its government printing money to pay its bills.

Argentina will bring down inflation in relation to how much it manages to live within its means rather than living above its means by printing money.

Taming inflation doesn't mean prosperity though. Taming inflation only creates economic stability. Prosperity is created by producing goods and services others want. For example, Taiwan's prosperity is created by its semiconductor and its other hitech industries creating products other countries need and want. Otherwise it would be a poor nation with low inflation.

 

[antipodean]

The annual inflation rate in Taiwan is currently 1.95% because its government relies on taxes and fees to pay its bills rather than by printing money. Argentina's rampant inflation is caused by its government printing money to pay its bills.

Argentina will bring down inflation in relation to how much it manages to live within its means rather than living above its means by printing money.

Taming inflation doesn't mean prosperity though. Taming inflation only creates economic stability. Prosperity is created by producing goods and services others want. For example, Taiwan's prosperity is created by its semiconductor and its other hitech industries creating products other countries need and want. Otherwise it would be a poor nation with low inflation.

The age old existential crisis of Argentina and Argenomics.

There are plenty of people who genuinely think it you live in a big house, hire a nanny, a butler, a maid and a pool boy then you are rich. No need to look further.

Meanwhile what they don’t see is the nanny, the butler, the maid and the pool boy are essentially working for free, being paid in “IOUs” because the master of the house doesn’t earn enough money to actually pay them in cash come pay day.
Then when the staff eventually realize that going to work every day simply isn’t worth it as they can’t pay their necessities with IOUs, they quit coming to work for him. Instead of the master selling the house to pay them their dues, downsizing to something he can actually afford, he comes up with 1001 excuses to keep up the appearance of being rich, flaunting that big house to all who simply don’t care to look past the glittering gates. Meanwhile beyond the gates, without the staff to help maintain it, that big house starts to decay and fall into disrepair reducing its value and the masters own net worth, that come the day he wants to sell it, it’s a cold bath of reality when potential buyers with real money to spend tell him how much they are willing to pay for it.

 

[Redpossum]

Deregulation and privatization will boost efficiency and job creation. ... in addition trade liberalisation will open up larger markets for businesses, enhancing job opportunities. Overall, these measures will create more jobs and improve living standards for the working classes.

(above quote edited for brevity)

/me stares in amazement
Seriously? You really believe that?