The process of recomposition of labor income again showed mixed signals during October, in a context where wages managed to barely exceed monthly inflation, but without yet consolidating a sustained recovery of purchasing power. According to the Salary Index prepared by INDEC, remuneration recorded an average increase of 2.5% in October. This advance slightly surpassed inflation for the same period, which stood at 2.2%, allowing for a slight relief in real terms for workers. However, the margin was limited and was not enough to clearly reverse the accumulated loss over recent years. An analysis published by the Libertad y Progreso Foundation warns that this positive development should be read with caution. Although the October result constitutes an encouraging, albeit still fragile, signal, economists emphasize that the greater the advance of reforms and macroeconomic stability, the greater the chances that income growth will leave behind the current technical tie and translate into a real and lasting improvement in purchasing power. At the same time, the report also focuses on the labor market, where structural imbalances persist. While unregistered private employment continues to expand, formal work shows signs of stagnation. Analysts underscore the importance of advancing in structural reforms that encourage the formalization of employment.
