Argentine workers hold funeral for wages

Some women wore black funeral robes and sported wreaths, while others in the procession in Buenos Aires carried a giant coffin.

But this funeral procession in the Argentine capital did not honor anyone.

Instead, it was about mourning the “death” of Argentine workers ‘wages in a country where inflation is expected to hit 90% by the end of this year, devouring workers’ purchasing power despite years of government attempts to curb the rise in prices.

“The situation for the workers is devastating,” Melisa Gargarello, representative of the Front of Organizations in Struggle (FOL), the organizer of the protest, told Reuters.

“Before half of the month we have no more salary, it is not enough”.

A protester presented a “medical history” of Argentine wages, a graph showing how inflation has consumed the value of wages.

While much of the world is battling high single-digit inflation this year, Argentina’s struggles fall into a different category.

“The paycheck is dead”, read a banner in the symbolic procession, which ran through the main streets of the Argentine capital and ended in front of the presidential palace.

The wreaths worn by the women carried the message “RIP the minimum wage”.

The country’s official monthly minimum wage is 45,540 Argentine pesos (A $ 485), while a basic food basket for a family of two adults and two children costs more than double the amount at 111,298 pesos (A $ 1189), according to the national statistical institute INDEC. .

Years of political efforts to curb inflation have done little to curb price increases, and in July the country had its highest inflation rate in 20 years.

The latest effort involves the appointment of a new Minister of Economy, Sergio Massa, who has been given expanded powers to try to control inflation.

The Argentines dubbed him a “super-minister”.

“Today we are holding a symbolic funeral for wages, which we must say expresses the situation that all workers in Argentina are going through,” said Maximiliano Maita of the FOL.

Leave a Reply

Your email address will not be published. Required fields are marked *