LatinNews Daily - 19 June 2023

* The Observatorio de la Deuda Social, a research project at the Universidad Católica Argentina (UCA), has conducted a study on poverty among Argentine workers and found that workers are becoming poorer, and that having a job does not guarantee financial safety. The study, cited by Argentine newspaper Clarín, found that poor workers who are the breadwinner for their home increased from 16.2% in 2017 to 29.5% in 2019, then rising to 30.1% in 2022. Furthermore, 19.9% of formal wage earners live in poor households, and this figure nearly doubles for informal wage earners, of whom 38.4% live in poor households. Poverty rates were higher for those living with children, and the study also highlighted broader issues including high inflation, falling labour costs, and rising food prices. The study concluded that “having a job is no guarantee against poverty and this show the limits of the current labour market as a space for socioeconomic integration.”