The promise made by President Javier Milei during the 2023 election campaign – that by 2025, wages measured in dollars would “soar” – has not come to pass. Instead, workers’ incomes in Argentina have fallen to levels not seen in decades.
According to analysts in a report by the Latin American Centre for Geopolitical Strategy (CELAG) think tank, seen by the Noticias Argentinas agency, the government has used wages as “an anchor for fiscal adjustment and for cooling inflation”. According to the CELAG report, as of November 2025, Argentina has the lowest minimum wage in the region. At US$225 per month, the country sits at the bottom of the regional ranking, below Bolivia (US$395) and Paraguay (US$411). Costa Rica (US$729), Uruguay (US$593) and Chile (US$567) top the list.
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