Home » Legal developments » National legislation » Argentina: new minimum wage increase Argentina: new minimum wage increase Through . Published on 01 September 2022 à 10h46 - Update on 01 September 2022 à 10h46 Resources On 26 August, Argentina’s government approved a fresh stepwise increase in the minimum wage, amid chronic and soaring inflation as a result of the Ukraine conflict and domestic political and economic uncertainties. Currently set at 47,850 pesos (€348.64, at the official rate) following an agreement approved in March 2022 (c.f. article No.12967), the minimum wage is now set to be increased, in fine, by 21%. Starting on 01 September the minimum wage will be 51,200 pesos (€368), it will rise to 54,550 pesos (€392) on 01 October, and rise again to 57,900 pesos (€416) in November. These increases mean that the unemployment benefit allocation will also rise, in three stages, from 14,222 pesos (€103.62 at the official rate) in September to 16,083 (€115) in November. These adjustments were sealed by the Wage Council (“Consejo nacional del empleo, la productividad y el salario mínimo vital y mobil”), which is made up of the social partners and representatives of the federal government and the provinces. According to the latest INDEC (national statistical institute) data, prices jumped 7.4% in July alone, and are up 71% over a year. Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageCommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels