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Poverty has no limit in Argentina
- Thread starter Avocado
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I'm glad that many unions are now earning salaries above 1,200,000. It’s really impossible to live on less than that amount. It’s good to see these increases; it seems that wages are finally starting to adjust, though, unfortunately, there are still those working without proper registration.
Even though many graphs show favorable numbers, the middle class is still struggling and unable to recover. The most ironic part is that the middle class was the one that voted the most for Milei. While there are many who regret their choice, there are also plenty who believe they just need to hold on a little longer. However, they no longer consider themselves middle class; instead, they refer to their situation as "intermittent poverty.
www.infobae.com
Pobres intermitentes: la nueva identidad que adoptó parte de la clase media argentina
El analista de consumo y titular de la consultora W dialogó con Infobae sobre la realidad del consumo y cómo la realidad macroeconómica actual le está afectando a los distintos estratos socio-económicos. Todavía, dijo, es una “recesión con ilusión”. Perspectivas para el 2025
www.infobae.com
Little by little, the economy is recovering. Food and beverage sales increased in October, which is a good sign.
www.infobae.com
Crecieron 5,8% las ventas pymes de alimentos y bebidas en octubre
Podría ser el inicio de un ciclo de recuperación tras la caída de 16,3% acumulada en los primeros diez meses de 2024, según un relevamiento de la Confederación Argentina de la Mediana Empresa
www.infobae.com
CecilM
Active member
Since Milei is the “chainsaw guy,” why doesn’t he use it on ambassador salaries, which are insanely high? It’s outrageous to know that Argentine ambassadors make over $20,000 USD in a country trying to emerge from an economic crisis, with local salaries barely reaching 900,000 pesos.
Although Argentina has become more expensive in dollars over the past year, and many sectors have lost competitiveness compared to other countries in the region, basic local foods are still cheaper with the official exchange rate. However, they are more expensive than in Brazil, with price gaps reaching up to 116% on some items. I think that’s one of the reasons why many foreigners are choosing to settle in Brazil right now.
www.infobae.com
Cuánto sale llenar el changuito en los supermercados de Argentina, Brasil, Chile y Uruguay
Si bien Argentina se encareció en dólares en el último año y muchos sectores perdieron competitividad contra países de la región, los alimentos básicos locales continúa siendo más baratos al tipo de cambio oficial, según un estudio privado
www.infobae.com
Avocado
Well-known member
Meanwhile poverty continues to get worse. This is a disaster situation!
www.aljazeera.com
A year into Javier Milei’s presidency, Argentina’s poverty hits a new high
In Argentina, the poverty rate has surpassed 50 percent in the wake of wide-ranging austerity measures and deregulation.
Betsy Ross
Well-known member
Poverty situation is still bad. It will take some time to get things turned around but many organizations are saying poverty is now dropping not increasing.Meanwhile poverty continues to get worse. This is a disaster situation!
A year into Javier Milei’s presidency, Argentina’s poverty hits a new high
In Argentina, the poverty rate has surpassed 50 percent in the wake of wide-ranging austerity measures and deregulation.
Avocado
Well-known member
I don't believe these numbers saying poverty is going down.
www.aljazeera.com
A year into Javier Milei’s presidency, Argentina’s poverty hits a new high
In Argentina, the poverty rate has surpassed 50 percent in the wake of wide-ranging austerity measures and deregulation.
GlasgowJohn
Well-known member
I am with you @Avocado on this one.I don't believe these numbers saying poverty is going down.
A year into Javier Milei’s presidency, Argentina’s poverty hits a new high
In Argentina, the poverty rate has surpassed 50 percent in the wake of wide-ranging austerity measures and deregulation.
Inflation is slowing but still not down. Many services are still increasing way ahead of the ofciual inflation figures.
An I am sick of hearing that salaries are up in USD terms , when the government is holding back the FX rate .
Betsy Ross
Well-known member
I usually don't agree with you @Avocado but I am seeing far more people in the streets than before. I don't believe the numbers are going down. I know Milei didn't create all of this mess but do not believe poverty is going down.I don't believe these numbers saying poverty is going down.
A year into Javier Milei’s presidency, Argentina’s poverty hits a new high
In Argentina, the poverty rate has surpassed 50 percent in the wake of wide-ranging austerity measures and deregulation.
Agree. What they did slowing down inflation is a positive but it is still high. When you account for real life expenses it is far above the official figures. The exchange rate is too far out of whack. The peso is overvalued. Once they adjust it inflation will also go back up.
That's really unfortunate and I sure hope they aren't making the same mistake as the US Democrats, which ignored any statistic that didn't fit their narrative and bashed economists that didn't toe the party line. They thought they could "message" people to death, tell them what to think, and distract with propaganda like diversity. They bought votes in ways never seen before. But the contrast with reality was too much, and most citizens have to face reality every day and feed their families.
Starfish
Well-known member
You nailed the situation in the USA @CraigM. I kept telling my relatives the outcome of what was going to happen. To me it was very transparent what was going on. The news media kept telling the narrative about Kamala being ahead and also all the messages and talking points on the mainstream media with the same message.
I am back in BA after being gone for about 7 months in Europe. Poverty levels were high when I left and they are high now. I read a few reports that said poverty was falling but if it is it is not noticeable now. Maybe next year but now I think it is about the same or maybe slightly higher. I see more people digging through trash bins but that is normal for the past few years.
I got real sticker shock on my recent return. I don't know how people can try to argue inflation is not still going up. Slowed down? Yes maybe in some categories but in others it is still going up. Most of my friends that have dollar incomes are complaining. My Porteño friends that make pesos save their money in dollars and they are also complaining a lot. They like some of the changes but feel prices are too high.
Pretty good article on Milei's first year
www.ft.com
Argentina: has Javier Milei proved his critics wrong?
In his first year, the libertarian president has stabilised a turbulent economy, while retaining the support of half the population. But big challenges loom
earlyretirement
Moderator
Yes it was a good article on the successes and challenges so far.Pretty good article on Milei's first year
Argentina: has Javier Milei proved his critics wrong?
In his first year, the libertarian president has stabilised a turbulent economy, while retaining the support of half the population. But big challenges loom
Unarchived version here for those that don't have FT subscription:
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