Wednesday, June 12, 2024

ARGENTINA | 28-07-2022 18:17

Argentine protesters demand universal living wage

Central Buenos Aires saw a crowd of demonstrators calling for a “universal salary” this Thursday as heads roll in cabinet reshuffle.

Thousands of people demonstrated in Buenos Aires on Thursday, demanding a "universal salary" in crisis-ridden Argentina.

Protesters congregated outside the presidential palace, where centre-left President Alberto Fernández was meeting his economy minister Silvina Batakis, who is opposed to such an idea, as rumours abound that a cabinet reshuffle is in the works.

"Poverty has taken control of the country," Monica Sulle, a leader of the Socialist Workers' Movement (MST), told AFP.

Argentina is gripped by an economic crisis marked by soaring inflation and rapid currency devaluation.

Radical leftist groups close to the Frente de Todos (Everyone's Front) ruling coalition have for weeks been demanding a universal living wage.

They are angry at the government for the deteriorating social conditions faced by ordinary Argentinians.

Protesters want a minimum living wage worth 67,000 pesos (around US$490 at the official exchange rate), which amounts to the cost of two basic food baskets, for the country's lowest earners.

Some 37 percent of Argentina's 45-million population live in poverty, while inflation for the first half of the year topped 36 percent.

"This unstoppable inflation is taking a seat at the family dinner table at every level of society, but in the poorest sectors it's a catastrophe," Vilma Ripoli, a Workers' Leftist Front (FIT) leader, told AFP.

Argentina, which earlier this year renegotiated repayments on a $44-billion loan with the International Monetary Fund, has committed to reducing its public deficit from three percent in 2021 to 0.9 percent by 2024.

Batakis has just returned to the country from Washington, where she met IMF managing director Kristalina Georgieva.

It was announced this afternoon that Batakis will be replaced as economy minister by Sergio Massa.


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