Argentine workers after Milei's “adjustment”: It doesn't fit the 'caste' but falls on the people
INTERNET
Published at: 13/12/2023 07:22 PM
The General Confederation of Labor of Argentina (CGT) rejected the economic measures announced this Tuesday by the Ministry of Economy, Luis Caputo, which include mega-devaluation of the peso, cuts in public administration and reduction of subsidies.
The leaders reiterated that the consequences of the announced adjustment are paid by the people, so they reiterated that “they will not stand idly by in the face of the fiscal and exchange rate adjustment plan announced by the far-right team, Javier Milei.
“These measures will generate a strong acceleration of the inflationary process, which will dynamite the purchasing power of the salaries of formal and informal workers, workers in the social and solidarity economy, self-employed and self-employed, as well as retirees and retirees,” says a statement released this Wednesday.
The leaders of the CGT reiterated that “the announced adjustment does not fit the 'so-called' caste as promised in the campaign” but rather that “Milei's adjustment, once again, falls on the people”.
“As predicted by the current Government's own economic authorities,” the statement continues, “the announced measures will place the monthly inflation rate at least 20 to 30% for the next quarter, a situation that, if not accompanied by an income policy exercised through the free exercise of joint negotiations and active compensatory policies, will put millions of Argentines and Argentines in a desperate socio-economic situation, with no guarantees of being able to access their basic needs.”
“The announced measures, rather than an orthodox adjustment, are a social discipliner, they stifle the provinces through tax cuts and seek a transfer of resources from workers and retirees to the Nation due to the absence of an income policy. In addition, they imply a strong paralysis of economic activity with the consequent jeopardization of hundreds of thousands of jobs,” the document adds.
After pointing out that “the macroeconomic system should not be the basis for unfairly burdening its costs on Argentine society”, union leaders clarify that it is still their “vocation” to contribute to governance and that for this purpose they consider “a call for dialogue on the part of government authorities”.
“We are not dealing with an economic plan, we are dealing with disorderly adjustment measures”, concludes the document, which calls for “social and labor rights, respect for freedom of association and collective bargaining, the purchasing power of salaries and retirees and the elimination of income tax”.
Mazo News Team