Salaries in Argentina averaged a 27.6% increase in the last twelve months

Tuesday, August 2nd 2011 - 07:14 UTC

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Salaries in Argentina averaged an increase of 27.6% in the last twelve months to June, boosted mainly by agreements in the private sector, reported Monday the country’s National Statistics Institute, Indec. Read full article

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fredbdc
Wow that is fantastic for the Argentinian population an average wage increase 3x as much as inflation! Everyone must be feeling very rich and be able to buy whatever they want.
I do find it a bit odd that hoards of people are still picking through trash every night and the “middle” class can no longer buy beef for their family. Wonder why that is after 10 years of such great economic statistics? It is very strange, maybe every country should follow their heterodoxy? What are they doing right and every other country in the world is doing wrong? They are brilliant!
It is strange though that 10 BILLION U$ fled the country in the 1st 3 months of the year, very very strange, you would think if it was doing so well people would want to invest and grow along with the country's economy like Brazil. How odd?
Bahahahaha
Aug 02nd, 2011 - 12:05 pm - Link - Report abuse 0
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ManRod
10% is only the Kircher sponosred inflation numbers. Real one is expected between 20 and 30%. So it might be possible that people had a real decrease, even with 27% of nominal increase.
Aug 02nd, 2011 - 12:17 pm - Link - Report abuse 0
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fredbdc
You know my post was a joke. I know that people don't strike, like they do everyday there, to protest a wage increase of 20% if inflation was really only 10%.
I am just pointing out the glaring dichotomies that the Argies don't want to admit or talk about.

All is well! All is well! Don't look behind the curtain!

What I don't get is this happened 12 years ago when BA was more expensive than NYC, then what happened, surprise surprise, CRASH!!, don't people there have any memories at all? Do they think it is going to be different this time ? How can a Big Mac be more expensive in a country who's people makes an avg annual wage of 1/3 of the USA? I will tell you why the economy is distorted and out of balance.

I am sure one of our posters can explain it, you know the Argentinians are brilliant economists, btw where is Axel? He is a teacher maybe he can give us a lesson in macro-economics. His last post to me was inflation doesn't matter because the gov't keeps raising their wages. I wonder if he still thinks that since the gov't isn't raising salaries enough to keep up with inflation. Oops I told him that would happen a year ago. Too bad he didn't believe me. I wonder what will happen when teh susidies run out after the elections? Maybe another helicopter escape for Casa Rosada? hahaha
Aug 02nd, 2011 - 12:58 pm - Link - Report abuse 0
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Marcos Alejandro
“Salaries in Argentina averaged a 27.6% increase in the last twelve months”
No wonder Fred B. change his broke American real state businesses to be a Argentinean leather salesman.

Hopeville St. Louis MO....remember those days Fred?
http://www.youtube.com/watch?v=dnyNGl7fP7g
Aug 02nd, 2011 - 02:39 pm - Link - Report abuse 0
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GeoffWard2
Time for CFK to make her peace with the IMF.
Her coming term as president will be austerity writ large.
Brasil, and perhaps post-Chavez Venezuela, will need to 'take over' Argentina, to avoid it becoming a sub-Bolivia.
Aug 02nd, 2011 - 03:59 pm - Link - Report abuse 0
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Retroqqq
http://www.economonitor.com/blog/2011/07/new-challenges-for-argentinas-monetary-policy/
Aug 02nd, 2011 - 05:24 pm - Link - Report abuse 0
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briton
she will just have to except that she is the junior partner to the mighty brazil.
argentina has a milestone arround her neck,
she needs to remove it,
Aug 02nd, 2011 - 08:14 pm - Link - Report abuse 0
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geo
INDEC doesn't have self-rely !

the increasing of wages 20-30 %is unrealistic/antilogical
not possible ...where the CPI increases 9 - 9,5 % around !
Aug 02nd, 2011 - 08:35 pm - Link - Report abuse 0
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briton
Time for CFK to make her peace with the islanders,
before she loses .
Aug 03rd, 2011 - 01:35 pm - Link - Report abuse 0
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Artillero601
@9

Well, on that note , let's debate what's going on right now . She lost “Capital Federal” by 60% !!, Santa Fe province and coming soon to the theatre near you , Cordoba !! so what I'm trying to say is that “Things are changing and fast ”
Aug 03rd, 2011 - 04:05 pm - Link - Report abuse 0
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Think
Chuckle chuckle…… Artillero 601

Want to bet?

All the money in my wallet (100 Pesos) on Cristina.........................

If you lose, you give 20 U$D to the first homeless you meet.
If I lose, I give the 100 Pesos to the first needy person that crosses my path. (Not so many people where I live :-)
Aug 03rd, 2011 - 04:39 pm - Link - Report abuse 0
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Artillero601
Deal !!

All I'm saying is that things are changing fast .....
Aug 03rd, 2011 - 05:08 pm - Link - Report abuse 0
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Think
Jupppppppppppppp........................

A lot of things have changed in the last nine years...............

I guess you could call it “fast” .........................................
Aug 03rd, 2011 - 05:45 pm - Link - Report abuse 0
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briton
12 Artillero601 he has no intention of paying.
win or lose,
if she wins,argentina will lose,
if she loses, argentina people will win,
Aug 03rd, 2011 - 06:06 pm - Link - Report abuse 0
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Artillero601
@14

I trust him. He will pay ...

@13

So if you all loose Cordoba , are you going to be concern ?
Aug 03rd, 2011 - 06:22 pm - Link - Report abuse 0
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briton
saves you sending the chuckle brothers round lol
Aug 03rd, 2011 - 09:29 pm - Link - Report abuse 0
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Think
(15) Artillero 601

1) Santa Fe was a victory ( a socialist one :-)
2)Capital Federal was a given. Macri had won the previous election in big stile too.
3) Cordoba? ..Do you know something I don't?.. We'll see in a couple of days......
Aug 03rd, 2011 - 09:31 pm - Link - Report abuse 0
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Artillero601
@17 Dear Think,

Like we say in Texas “don't count your chickens before they're hatched” ......
Aug 04th, 2011 - 01:09 pm - Link - Report abuse 0
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Think
(18)

I'll just refer you to your favorite news agency:
http://en.mercopress.com/2011/08/04/cfk-re-election-bid-remains-unscathed-in-spite-of-recent-electoral-defeats-says-poll
Aug 04th, 2011 - 09:55 pm - Link - Report abuse 0
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Bubba
Hyper-inflation is just months away... you cannot raise salaries in grades of 25 or 30 percent without driving other costs out of sight. CPI is completely out of whack here. We are headed back to 2002, again... when the last of industry was run out of Argentina and the “dame dos” era was ended..
Aug 08th, 2011 - 10:43 am - Link - Report abuse 0
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Think
(18)

Well....................
The chickens did hatch......... and they are Peronist chickens by a margin of 22%
Aug 08th, 2011 - 03:44 pm - Link - Report abuse 0
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Artillero601
@21

The guy is independent, you cannot claim a as victory “K”, am I wrong?
Aug 08th, 2011 - 06:05 pm - Link - Report abuse 0
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Think
(22)

The “guy” is not independent. He is a 100% Peronista.
http://en.wikipedia.org/wiki/Jos%C3%A9_Manuel_de_la_Sota
Aug 08th, 2011 - 06:29 pm - Link - Report abuse 0
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Artillero601
@23

In Argentina everybody in the mother is Peronista, what am I trying to say is K or not K ... se entiende?
Aug 08th, 2011 - 06:42 pm - Link - Report abuse 0
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Think
“K” is a fantasy of the opposition...........

Cristina is Peronista.
Nestor was Peronista.
I'm not Peronista.
Aug 08th, 2011 - 07:39 pm - Link - Report abuse 0
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Artillero601
Funny you say that ..... en un programa televisivo, el medico personal del “Pocho” comento sobre la organizacion funadada por el hijo del pinguino “La Campora” en el cual indica que la similitud entre el verdadero Campora y la actual organizacion de similitud tiene solo el nombre, asi que de poner nombres .... no solo es la oposicion???
Aug 08th, 2011 - 07:50 pm - Link - Report abuse 0
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Think
http://www.youtube.com/watch?v=EUNL6igxYsM
Aug 08th, 2011 - 08:17 pm - Link - Report abuse 0
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Artillero601
@25

Radical?
Aug 08th, 2011 - 08:59 pm - Link - Report abuse 0
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I
maybe the paris club, IMF or the WTO will want to rewrite the Argentine price index to meet their poverty expectation.
Aug 08th, 2011 - 11:24 pm - Link - Report abuse 0
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O gara
I have to ask the question can the Argentine government allow its citizens go to the 2012 Olimpic games in London now without question the most dangerous city on earth.The English authorities are it appears totally unable to control a mob completely out of control who are so desperate that not even a savage police presence can stop them looting to dampen their hunger.London is a savage city plagued by huge social deprivation side by side with those who have maintaines wealth as the old continent heads ever closer to collapse
Aug 08th, 2011 - 11:27 pm - Link - Report abuse 0
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Think
(30) O gara

A tad exxagerated, I reckon.......
But.......... As a compatriot of James Joyce, you are excused :-)
Aug 09th, 2011 - 12:24 am - Link - Report abuse 0
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