As labor and business groups failed to reach an agreement, Argentina has proposed a 30-percent increase in the minimum wage by March, the presidency’s spokesperson Manuel Adorni said Wednesday.
“It has not been possible for the parties to effectively agree … when this happens, the government must arbitrate between the parties and set a minimum wage,” Adorni told a press conference at the presidential headquarters of Casa Rosada in Buenos Aires.
The proposed hike would take place in two stages, raising wages to 180,000 pesos (215 U.S. dollars) in February and 202,800 pesos (242 U.S. dollars) in March, up 15 and 30 percent respectively.—Xinhua
