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Argentina has raised the national minimum wage to ARS 296,832 per month. This represents a new wage floor that employers must comply with for all employees. The article does not specify an effective date for this increase.
Argentina raises national minimum wage to ARS 296,832 per month
Argentina has increased the national minimum wage (Salario Mínimo, Vital y Móvil, or SMVyM) to ARS 296,832 per month, effective immediately for all employees covered under the Labour Contract Law (Ley N° 20.744). The new wage floor was set by the National Council on Employment, Productivity and the Minimum, Living and Mobile Wage (Consejo Nacional del Empleo, la Productividad y el Salario Mínimo, Vital y Móvil), a tripartite body representing workers, employers, and the national and provincial governments.
Who is affected
This increase applies to all employers in Argentina who employ workers under the Labour Contract Law. The SMVyM sets the absolute minimum monthly salary that must be paid to any employee, regardless of industry, company size, or employment contract type. Employers who currently pay at or near the previous minimum wage threshold must adjust compensation to meet the new floor. Workers in all sectors—including domestic workers, agricultural employees, and those in the formal private sector—are covered by this mandate.
What's changing
The national minimum wage has been raised to ARS 296,832 per month. This represents the new legal wage floor; no employee may be paid less than this amount for a full-time monthly position. The change is immediate and supersedes any prior minimum wage resolutions. Employers must ensure that gross monthly salaries meet or exceed ARS 296,832 before any deductions.
| Metric | New value |
|---|---|
| Monthly minimum wage | ARS 296,832 |
| Currency | ARS |
| Effective date | Immediate (date not specified in official source) |
What NEO partners and clients should do
- Review current payroll for all Argentina-based employees to identify anyone earning below ARS 296,832 per month.
- Adjust gross salaries to meet or exceed the new minimum wage floor before the next pay cycle.
- Update employment contracts and offer letters to reflect the new minimum wage for any new hires or contract renewals.
- Consult with local counsel or payroll providers to confirm compliance with provincial wage supplements or sector-specific collective bargaining agreements that may set higher minimums.
