Despite the renewals of the peers, with the increase of formal salaries in September of 6.3%in the first 9 months of this year, the remuneration is accumulated with contributions to the Social Security an increase of 61.2% against inflation of 66.1%, a decrease of 3%.

Compared to a year ago, wages increased by 75.7% and inflation was 83.0%. This equates to a loss of 4%.

The salary data are official and correspond to RIPTE (Taxable Remuneration of Permanent Workers), whose monthly series began in July 1994.

The RIPTE is calculated on the basis of the average salary subject to contributions to the Argentine Integrated Social Security System (SIPA) received by employees in an employee relationship and which have been declared continuously in the last 13 months.

In September, gross salary (without discount) with contributions averaged $ 165,421.01, according to official data based on the amounts declared by the companies to the Social Security. A year ago, were $ 94,157.71.

Because it is the gross salary that determines the income from one’s own pocket, at $ 165,421.01 you would have to deduct the pension and health contribution of the worker (17%) and possibly add the family salary per child.

According to the government, salaries are registered “they had lost 21.6% of their real value between December 2015 and December 2019”as stated in the foundations of decree 578/2022 and in 2020/2021, with ups and downs, accompanied inflation, but there was no recovery compared to the end of 2019, as had been promised officially. And so far this year there is an additional 3% loss.

In total, employees in a dependent relationship with contributions to ANSES amount to approximately 7.5 million, approximately 75% of the nearly 10 million employees in a registered employee relationship. The rest contributes to the provincial savings banks or other schemes.

These 10 million, in turn, account for half of all formal and informal jobs in the country (Monotributors, self-employed, wage-earners without pension reduction and informal self-employed workers).

As a wage index, the RIPTE is used every three months (March, June, September, December) to fix half the percentage of mobility for retirement, pensions and other social benefits and in the calculation of compensation for accidents at work.

It is also used to update the minimum non-taxable income once a year It is also used to update the family income ceiling once a year for collecting family allowances, a ceiling that is very obsolete and is leading more workers to lose the payment of the family’s salary for son or daughter. And every month the share paid by employers to the sickness fund for COVID insurance increases.

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