How many hours do you have to work to buy a cellphone?
In the Argentine economy, the gap between the jump in prices and the rise in wages means that workers have to make more and more efforts to access the purchase of certain goods.
In this context, the advice Focus pointt made for Orange Xthe payment and credit card platform, a survey to highlight the impact of prices in Argentina and analyze how many hours a person should work which charges an average salary for the purchase of certain everyday products.
For the report, a Median Net Salary of $ 113,214, corresponding to an April 2022 mean gross salary of $ 136,403, with 17% discount to be paid by employees in a Dependence Relationship for social security contributions and social security contributions.
To make this comparison, the pocket salary was taken, divided by the 20 working days of the month, and in turn, by the number of hours worked per day. You can also divide the net salary by the monthly working hours, which for an 8-hour job, is 160 a month. The result is the hourly wage.
This is where these data are born. Buy a smart phone $ 164,000 costs more than a full salary. Equivalent to more than 237 hours or almost 30 working days, a month and a half of work. If what you are looking for is sports shoes, it is 25 hours and 12 minutes of effort, more than 3 full days ($ 17,400).
Some examples of everyday purchases: $ 350 a day coffee at the office means $ 7,000 a month. How long does it take to earn that money? Just over ten hours. If you add an alphajor that costs $ 160, that would be another $ 3,200 a month and another 4 and a half hours.
smoking is expensive
Who smokes one pack a day, pack your wallet – you’ll spend $ 9,000 a month on tobacco (with a $ 300 pack). An expense like this represents a full day’s work and 60% of another to buy cigarettes. Quitting smoking at this rate not only means better health, it also has repercussions monthly savings of 8% of the salary.
If we talk about entertainment, going to see a movie in the cinema is not a cheap classic. A two-person outing, once a month with tickets and two combo popcorn and soda, means almost a full day’s salary: $ 4,520 and to earn that money, a person has to work six and a half hours.
For Julieta López, Head of Branding at Naranja X, “the more people are trained and the better they understand the financial system, the better their decisions will be. For this reason, financial education is a goal we pursue from Naranja X’s blog. We try to affect people’s well-being, allowing them to access the tools they need to grow and, above all, generate equal opportunities “.
“In many categories and areas such as gastronomic services, textiles, footwear and information technologies, year-over-year increases ranged from 85% to 95%. There are more hours of work to complete the acquisition of the same assets, “said Damián Di Pace, Director of Focus Market Consulting.
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Source: Clarin
