If it makes you feel any better it's not good in the USA either.
US wages are barely keeping pace with inflation
Since 2020, average weekly earnings adjusted for inflation have increased just +3.7%
.In other words, inflation has wiped out most income gains for Americans.
This comes as the...
Guacamole with chips 19,500 pesos! Damn that looks like 1 avocado for $14 USD! That literally there is more expensive than I would pay here in Nashville. That's over $50 bucks for just one person at what looks like a dive bar food. I can get a meal like this much less in the USA vs. that.
Agree. I don't see how beef prices won't keep going up with all the exports planned. This lady has been tracking the prices the past few months. Brutal.
It seems like utility bills is becoming people's biggest expense. Everyone tells me how expensive it is now. Went from really cheap to US prices. Not sure how that is going to work long term with salaries so low.
But Argentina companies sound like they are losing money. Not sure how they can compete.
https://www.ambito.com/economia/javier-codini-empresario-electrodomesticos-los-precios-no-van-bajar-hemos-vendido-rentabilidad-negativa-n6247819
I just went to a great breakfast spot a few days ago called Cafe Crespin. On the expensive side but was good. You can see the menu here. They have some cakes to go. Expensive. It was my friend's birthday and she likes key lime pie. I bought one and it was shocking to pay $40 USD for a pie...
And the numbers are even worse when you count all of the fintech loan products.
https://www.ambito.com/economia/morosidad-maximos-la-convertibilidad-fintech-y-tarjetas-consumo-casi-triplica-la-los-bancos-n6247664
Not so fast. I guess the Supreme Court's decision today might put a damper in this agreement with Argentina.
https://www.clarin.com/economia/golpe-corte-suprema-estados-unidos-trump-deja-limbo-acuerdo-comercial-argentina_0_IgNFqpUtu6.html#google_vignette
I just heard of Argentina's only domestic tire manufacturer, FATE (Fábrica Argentina de Telas Engomadas) going out of business after 80 years. I realize that protectionist policies probably helped but 80 years is a long time only to go out of business now after Milei. Were there really that...
I actually think Argentines are more racist towards some darker skinned people from Peru, Bolivia, Colombia, etc. vs blacks from America. I hear a lot of comments here.