From Ambito · Juan Pablo Chiesa · · 1m 20s
Argentina's Job Shift: Formal Work Falls, Monotributo Rises
Argentina's formal jobs drop for 15 months as monotributo grows, showing work adapts rather than disappears.
In brief
Argentina's formal jobs drop for 15 months as monotributo grows, showing work adapts rather than disappears. Argentina's formal employment fell 132,008 jobs in August, but the monotributo grew 19,046 new members, showing work shifts legally rather than disappearing. Originally reported by Ambito.
Formal Jobs Drop for 15 Months
Argentina's formal employment fell 132,008 jobs in August, a 2.1% annual decline, marking 15 consecutive months of decline.
Monotributo Grows 19,046 New Members
The monotributo added 19,046 new members in August, a 0.86% increase, the highest growth in 19 months.
Total Registered Work Rises Slightly
Adding independent work, total registered employment rose 0.1%, about 10,000 people, after 14 months of stagnation.
Sectoral Shifts in Employment
Commercio lost 3,486 jobs, industry 3,346, and transport 1,372, while fishing and mining gained 2,394 jobs.
Labor Reform's Impact
Labor reform reduced the cost of hiring outside formal contracts, making monotributo a viable option for employers.
Papal View on Work
Pope León XIV emphasized that access to work for all must be a priority, noting entrepreneurs risk their assets and informal workers need inclusion.
Three Practical Consequences
Employers face high temptation to replace workers with monotributo, but legal risks remain; job losses in commerce and industry continue; monotributo has a ceiling based on worker income.
At a glance
Argentina's formal employment fell 132,008 jobs in August, but the monotributo grew 19,046 new members, showing work shifts legally rather than disappearing.
