Salario Mínimo Vital y Móvil Febrero 2025 translates to Minimum Vital and Mobile Wage February 2025. This topic is rapidly rising on Google Trends Argentina because the minimum wage in Argentina is adjusted every six months, in February and August, according to the evolution of inflation and wage negotiations.
The latest increase, which came into effect on February 1, 2023, was 24.6%, bringing the minimum wage to 65,427 Argentine pesos (ARS) per month (approximately 260 US dollars).
However, inflation in Argentina is currently running at over 90% per year, which means that the real value of the minimum wage is eroding rapidly. As a result, there are growing calls for the government to increase the minimum wage again, and the topic is likely to continue to trend on Google Argentina in the coming months.
What is the Salario Mínimo Vital y Móvil?
The Salario Mínimo Vital y Móvil (SMVM) is the minimum wage in Argentina. It is set by the government every six months, and applies to all workers in the country, regardless of their age, gender, or occupation.
The SMVM is designed to provide a basic level of income for workers, and to help ensure that they can meet their basic needs. It is also used as a reference point for other wages and benefits, such as overtime pay and severance pay.
How is the SMVM calculated?
The SMVM is calculated using a formula that takes into account the following factors:
- The cost of living in Argentina
- The average wage in Argentina
- The productivity of the Argentine economy
The government also takes into account the recommendations of the Consejo Nacional del Empleo, Salario Mínimo, Vital y Móvil (National Council for Employment, Minimum Wage, Vital and Mobile), which is a tripartite body made up of representatives from the government, the unions, and the employers.
What are the current calls for an increase in the SMVM?
There are a number of reasons why there are currently calls for an increase in the SMVM. First, inflation in Argentina is currently running at over 90% per year, which means that the real value of the minimum wage is eroding rapidly. Second, the SMVM is currently below the poverty line in Argentina, which means that many workers who earn the minimum wage are struggling to make ends meet. Third, there is a growing sense that the SMVM is not keeping pace with the average wage in Argentina, which is also rising rapidly.
What are the possible consequences of an increase in the SMVM?
An increase in the SMVM could have a number of positive consequences, including:
- Reducing poverty and inequality in Argentina
- Boosting consumer spending and economic growth
- Improving the standard of living for workers in Argentina
However, there are also some potential negative consequences of an increase in the SMVM, including:
- Higher costs for businesses, which could lead to job losses
- A decrease in the competitiveness of Argentine products and services
- Higher inflation
The government will need to carefully consider all of these factors before making a decision on whether or not to increase the SMVM.
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Please search for “salario minimo vital y movil febrero 2025” which is rapidly rising on Google Trends AR and explain in detail. Answers should be in English.
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