Workers receive wage hikes of up to 37% (Argentina)

Buenos Aires Herald ^ | July 22, 2014

[Oldeconomybuyer]

The national government yesterday unveiled the results of collective wage bargaining for the first half of the year, stressing the fact that salaries have risen by up to 37 percent “amid a difficult context marred by economic troubles.”

The Labour Ministry considered not only hikes in basic salaries but also extra sums agreed to between workers and employers.

Meanwhile, private estimates say inflation for the last 12 months has clocked in at around 37 to39 percent.

[Oldeconomybuyer]

Socialism fails every time.

[Opinionated Blowhard]

When you are dealing in pretend Monopoly money, why not give them a raise of 50%? Its meaningless since it will generate inflation that outstrips it. Those who forget history are doomed to repeat it.

[Don Corleone]

Don’t cry for me Argentina.

[sickoflibs]

RE:”Workers receive wage hikes of up to 37% (Argentina),.....Meanwhile, private estimates say inflation for the last 12 months has clocked in at around 37 to39 percent.”

Happy days are here again, everyone loves getting a raise.

Ever notice that high gas prices are (considered) bad under a GOP POTUS and good under a Dem POTUS?

Same here in Maryland with governors and electric prices.