Half of all formal wages are already below the poverty line

Half of the wages in the formal sector of the Argentine economy are below the poverty line, according to official government data. In October, retail inflation was 3.8%, but Food and Non-Alcoholic Beverages increased by 4.8%, Apparel and Footwear increased by 6.2% and Home Equipment and Maintenance increased 4.5%. These are all items that are closely linked to the maintenance of the middle-class condition. With the deterioration of the purchasing power of formal salaries, what is happening is that even with formal salaried employment, income is not enough to get out of poverty.

Source: Infobae