President Cristina Fernández de Kirchner led the Salary Council meeting as the minimum wage was lifted by 28.5 percent, and claimed that the increases enjoyed by workers over the last 12 years were unheard of elsewhere.
«Nowhere in the world is there a raise of the same character, entity and potency as have been carried out in the last 12 years,» the head of state asserted during a press conference at the end of today’s Salary Council summit between unionists and business leaders.
For CFK, the organisation is «one of the vectors that feeds the internal market,» despite the international crisis of 2008 from which, she claimed, » the world has still not recovered.»
«The key to a capitalist economy is bringing in more and more people to the market as consumers,» she continued.
«We have to produce at accessible prices so that more people can enjoy the goods.»
Today’s rise will bring the minimum wage, seen as a benchmark for employers, to 6060 pesos per month, when the second instalment comes into effect next January.
Source: Buenos Aires Herald