Minimum wage raised by 25%
Argentina has raised the minimum wage by 25% after more than six hours of negotiations between unions and business leaders.
The Minimum Wage Council, which has 16 representatives each from unions and the business community, raised the minimum wage to 2,300 pesos per month (about $550 pm) from 1,840 pesos per month with immediate effect.
President Cristina Fernández de Kirchner welcomed the move. A presidential and general election will be held on 23rd October.