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Wages in Argentina suffer a real 9% drop since Milei took office

Wages in Argentina suffer a real 9% drop since Milei took office

🌐 Also available in: 🇪🇸 Español

Original source: Radio Con Vos 89.9


This video from Radio Con Vos 89.9 covered several topics. Streamed.News selected 8 key moments and summarises them here. Each section links directly to the moment in the original video.

How does the fall in wages and industrial production affect your wallet and the country's economic future? Find out the direct impact of current economic policies.


Wages in Argentina suffer a real drop of 9% since Milei took office

Wages in Argentina have experienced a consecutive real decline for six months, accumulating a decrease of 9% since Javier Milei assumed the presidency. In the first two months of the year, the wage reduction was 2%, while public sector wages fell by 18.3%. Additionally, metallurgical industrial production, according to ADIMRA, recorded a year-on-year decline of 4.1% in March and 6.9% so far this year, showing deterioration across almost all its sectors.

This situation is worsening as the government seeks to amend university funding laws and a disability emergency measure to avoid paying accumulated debts. The persistent decline in purchasing power and industrial contraction pose serious challenges to the country's economic stability and the well-being of citizens, in a context of non-compliance with social regulations.

▶ Watch this segment — 33:10


Iran blocks the Strait of Hormuz again; oil price rises to $95

Iran reinstated the blockade of the Strait of Hormuz after the United States captured an Iranian oil tanker, intensifying tensions in the region. This incident marked the first time the US Navy has captured a sanctioned Iranian vessel during this counter-blockade period. Peace talks between the parties have stalled, and Iran's Revolutionary Guard has vowed retaliation, pushing the price of Brent crude to $95 per barrel.

The escalation of the conflict in the Middle East has global ramifications, affecting the energy market and geopolitical stability. Furthermore, suspicions of insider trading in the United States have emerged, suggesting that some investors may have capitalised on oil price movements ahead of announcements about the situation at Hormuz.

▶ Watch this segment — 15:22


Netanyahu praises Milei as 'friend of Israel' and grants him a unique honour

Israeli Prime Minister Benjamin Netanyahu praised Argentine President Javier Milei, describing him not only as his personal friend but as a "friend of Israel". Netanyahu highlighted that, for the first time in Israel's 78-year history, a foreign leader has been honoured with the opportunity to light the torch during the country's Independence Day. The Jerusalem Post, for its part, ran the headline "Welcome, brother" on its front page, reflecting the strong bond.

This gesture underscores a significant rapprochement between Argentina and Israel under the Milei administration, marking a shift in Argentine foreign policy. The honour granted to Milei is a symbol of the deep relationship both leaders seek to establish, which could reshape geopolitical alliances and spark debate about Argentina's international standing.

"This is the first time in the history of Israel, in 78 years, that we have awarded a foreign leader the honour of lighting the torch on Independence Day."

▶ Watch this segment — 12:00


Milei reiterates unconditional support for the US and Israel in war against Iran

Argentine President Javier Milei expressed his firm support for the United States and Israel in their conflict against terrorism and the Iranian regime. Milei argued that this stance is not only "the right thing to do" but also stems from the "shared pain" over the terrorist attacks on the AMIA and the Israeli embassy in Argentina, which, according to Argentine justice, were instigated by Iran.

This declaration of unconditional support aligns Argentina with the foreign policies of the US and Israel, marking a significant shift in the country's international relations. Such a position could have geopolitical implications for Argentina, affecting its relations with other nations and the perception of its role in global conflicts.

"We express our firm support for the United States and Israel in their war against terrorism and against the Iranian regime. Not only because it is the right thing to do, but because our countries are brothers in pain."

▶ Watch this segment — 7:31


Milei expresses admiration for Netanyahu and receives unique honour in Israel

President Javier Milei has publicly expressed his deep admiration and personal friendship for Benjamin Netanyahu, whom he considers an "extraordinary leader" and "a great human being". Milei was honoured in a "highly atypical" manner in Israel by becoming the first foreign head of state to light the torch at the ceremony marking Israel's anniversary of independence, a gesture that underscores the significant standing the Israeli Prime Minister grants him.

This level of closeness and the symbolic gestures position Argentina in an unprecedented way in international politics, firmly aligning it with Israel and the United States. Milei's decision to go "all in" on this alliance, as analysts note, could have significant implications for Argentine diplomacy and its relations with other nations, especially in a polarised global context.

"I personally consider myself a friend of Bibi. I have enormous affection for him, but above all I have a deep admiration. I think he is an extraordinary leader."

▶ Watch this segment — 8:07


Internal conflict in La Libertad Avanza over lawsuit against Twitter users

An internal conflict is shaking La Libertad Avanza (LLA) after Sebastián Pareja, Karina Milei's political organiser, sued Twitter users for spreading his address. This triggered a strong reaction, particularly from Santiago Caputo, known as "El Gordo Dan", who criticised the persecution on his streaming channel. Lilia Lemoine also became embroiled in heated arguments with followers on Twitter, pointing to deep divisions.

This incident, considered the "tip of the iceberg", suggests a possible departure of Santiago Caputo from the government, given that his "troops" have begun firing criticism from digital platforms. The confrontation reveals growing tension and fractures within the libertarian movement, which could affect the cohesion and stability of the ruling coalition.

▶ Watch this segment — 28:24


Milei embraces Netanyahu, an Israeli leader questioned over his handling of conflicts

President Javier Milei was received in Israel with an embrace from Prime Minister Benjamin Netanyahu, a figure who faces strong criticism internationally and within his own country. Netanyahu is criticised for his handling of the October 7 attack, including the failure to protect the population and the army's slow response, as well as for military actions in Gaza and Lebanon, and the subsequent refusal to allow an independent investigation.

Milei's rapprochement with Netanyahu comes in a context where the Israeli leader is perceived by many as responsible for "one mess after another", failing to achieve stated objectives and allowing Iran to gain influence. Argentina's alignment with such a controversial leader — whose tenure is considered by some to be the worst in Jewish history — could redefine Argentina's geopolitical alliances and the perception of its foreign policy on the global stage.

▶ Watch this segment — 1:28


Milei's lawyer criticises La Libertad Avanza for being "lukewarm" and "cowardly"

Alejandro Sarubi Benítez, Javier Milei's lawyer, launched harsh criticism against La Libertad Avanza (LLA), claiming that 90% of its members are "lukewarm" and "cowardly", and suggesting that for that he "would have voted for Macri". His remarks came amid a controversy in which Sebastián Pareja, Karina Milei's political organiser, sued Twitter users for spreading his address. During a discussion on a livestream, an audio clip containing a sexual comment about Pareja and Karina Milei was broadcast, and subsequently deleted from the YouTube archive.

This incident reveals the inconsistency of the libertarians, who criticise the "caste" and the "system" but resort to legal action and censorship to control information. The internal criticism from Milei's own lawyer and the attempt to erase the audio reveal significant tensions and the fragility in LLA's management of its public image, calling into question its supposed defiance of power.

"I estimate that at least 90% of La Libertad Avanza is incredibly lukewarm, cowardly, and spineless. And for that I would have voted for Macri."

▶ Watch this segment — 29:58


Summary of Radio Con Vos 89.9 · 34:36. All credit belongs to the original creators. Streamed.News summarises publicly available video content.

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