I wonder the same thing. I don't realistically see wages going much higher. Businesses will be struggling just to survive so I think many companies will be laying off employees later this year. There has been massive layoffs in the public sector and I think we will probably see staggering layoffs and people losing jobs in the private sector. So once inflation is much lower. So what? Then what happens? I can't see many scenarios where companies will be able to raise their prices. Some of my friends even say the unthinkable deflation.
As much as I keep reading articles online from mostly outside of Argentina saying how Milei is fixing everything, I don't think many understand how screwed up of a place Argentina really is.
(Bloomberg) -- President Javier Milei, who pledged to rebuild Argentina’s crisis-ravaged economy, reach a fiscal balance at any cost this year and tame rampant consumer price increases, is getting results on the inflation front. Government data posted Tuesday showed that consumer prices rose...
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