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Argentina Lifts Wages, Welfare in Defiance of IMF Austerity Push (news.yahoo.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] tmijail 15 points 1 year ago (1 children)

That was after the Argentine Peso lost 20% of it's value in a single day to appease the IMF (according to the official exchange rate). Unless wages increase by more than 20%, then they're not really increasing, just keeping up with inflation.

[–] [email protected] 2 points 1 year ago

Yeah. Inflation is a tool for the ruling class to recoup any gains the working class has made, with interest.