
Some women wore mourning clothes and carried wreaths. Other people carried a giant coffin. But this funeral procession in the capital of Argentina was not for a specific person.
He lamented the “death” of Argentine wages in a country where inflation is expected to hit 90 percent by the end of this year, eroding purchasing power despite years of government efforts to curb inflation.
“The situation of the workers is terrible. We will run out of money by the middle of the month, I don’t have enough,” Melissa Gargarello, an organizer of the protest, told Reuters.
Another protester showed a graph showing how inflation has almost completely eaten away the cost of wages. While most of the world struggles with single-digit inflation, Argentina belongs to a different, unenviable category.
“Salary is dead,” read a banner at a symbolic march that passed through the main streets of the Argentine capital and ended in front of the Presidential Palace.
The flower crowns worn by the women read “RIP the minimum wage.”
The country’s official monthly minimum wage is 45,540 Argentine pesos ($465.57), while a basic grocery basket for a family of two adults and two children costs twice as much, reaching 111,298 pesos, according to the national statistics institute Index
Years of policy efforts to curb inflation have failed to reduce inflation, which rose to its highest level in 20 years in July.
In a last-ditch effort to fight inflation, a new economy minister, Sergio Massa, was appointed and given expanded powers. Argentinians called him “Super Minister”.
Source: Hot News RO

Robert is an experienced journalist who has been covering the automobile industry for over a decade. He has a deep understanding of the latest technologies and trends in the industry and is known for his thorough and in-depth reporting.