Buenos Aires, November 3 (NA) -- The General Confederation of Labor (CGT) rejected this Wednesday the ruling that sets the Minimum, Vital and Mobile Salary (SMVM) at $328,400, a figure it considered "insufficient" and "disconnected from the reality" of workers.
In a press release accessed by the Argentine News Agency, the labor federation mentioned the meeting they held with employers and state representatives in the Minimum, Vital and Mobile Salary Council.
"Our proposal contemplated restoring the purchasing power lost since November 2023, also incorporating projected inflation until April 2026," the central union recalled regarding the alternative they put on the table.
The CGT's initiative implied an "accumulated increase of 71.6%, through tranches of 11.4% monthly between December and April," which meant the first step for the minimum wage to reach the Basic Food Basket, currently at $1,176,852.
"Far from that objective, the imposed ruling ignores the basic needs of millions of female and male workers and consolidates a salary loss incompatible with a dignified life," argued the labor federation.
In the message disseminated through social networks, the CGT again demanded that the Minimum, Vital and Mobile Salary recover its value and return to "constitute a valid reference for all salary scales in the country."
