"Cada vez vamos a ir saturando más el mercado informal de trabajo" | ALVAREZ AGIS

🛑 Amid the general strike, economist Emmanuel Álvarez Agis focused on the "sacrifice ratio" of the current economic program: lower inflation, but at a very high cost in employment and production. According to his analysis, disinflation is being achieved through the significant destruction of industrial jobs and increasing job insecurity. 🏭 Using the tire sector and the closure of Fate as a case study, he explained that prices fell in dollar terms, but employment in the industry dropped by almost half. "It's a micro-level example of what's happening at the macro level," he stated. The abrupt trade liberalization and the drop in consumption have generated a process of "import dissubstitution" in a market that is also shrinking. 📉 The structural data: since Javier Milei took office, approximately 190,000 registered jobs in the private sector have been lost, partially offset by the growth of the simplified tax regime for small businesses. For Álvarez Agis, this hasn't yet translated into a sharp increase in unemployment, but it has led to a decline in income: formal workers are moving into informal activities with much lower wages. 🌎 He also warned about the international context: while Argentina is opening its economy, the United States and Europe are moving toward more protectionist policies in response to China. "The timing is very bad," he stated, and questioned the viability of competing with economies that subsidize production, financing, and exports. ⚖️ For the economist, the problem isn't just the severity of the adjustment, but the lack of a comprehensive stabilization plan that reduces inflation without destroying productive capacity. "The sacrifice ratio cannot be infinite," he argued, and warned that, without changes, the model could lead to stagnation with high social costs. Don't forget to follow us! Instagram →   / radioconvos899   TikTok →   / radioconvos89.9   X → https://x.com/radioconvos899 Twitch →   / radioconvos   Facebook →   / radioconvos899   Web → radioconvos.com.ar Tik Tok →   / radioconvos89.9   WhatsApp → +54 11 5379 8990