Dossier
2001 crisis
Coverage of 2001 crisis in the Nexus archive.
- Argentina Minimum Wage Hits Historic Low Under Milei
Argentina’s real minimum wage has fallen approximately 40% since Javier Milei took office in December 2023, reaching a historic low with purchasing power worse than during the 2001 crisis and 66.5% below its September 2011 peak. A kilo of bread now costs 2.5 hours of work.