The Focus Market consultancy made a report based on the average salary.
Inflation in Argentina runs, as usual, well ahead of the salary of most workers. And what before could be bought with 5 hours of work, now requires 8 to achieve the same good: in this sense, a study shows how money depreciates in the country y How many hours of work are needed to buy a mid-range cell phone.
To make this comparison, the pocket salary was taken, divided for 20 working days of the month and in turn, by the number of hours worked per day.
The same exercise can be carried out by dividing the net salary by the monthly working hours, which for a job of 8 hours a day, is 160 per month. The result is the hourly wage.
the consultant Focus Market prepared, for Naranja X, an exclusive survey to highlight the impact of prices in Argentina, and analyze how many hours should a person work who charges a average salary to buy certain everyday products and some considered luxury, such as a cell phone.
For the report, an Average Net Salary of 113.214 pesos corresponding to a gross average salary, dated April 2022, of 136,403 pesos, with a discount of 17% paid by employees in Dependency Relationship.
To fix the base of this pyramid, a daily coffee of 350 pesos in the office, which represents a total of 7,000 pesos per month. How long does it take to earn that money? little more than ten hours. If you add an alfajor that costs 160 pesos, it would be another 3,200 pesos a month and another 4 and a half hours.
“The more people are trained and the better they understand the financial system, the better their decisions will be. We seek to impact the well-being of people, allowing them to access the necessary tools for growth and, above all, generating equal opportunities”, Juliet LopezHead de Branding and Naranja X.
Who smokes a pack per day, will spend monthly 9,000 pesos in tobacco, since the package quotes 300 pesos per unit. An expense like this represents a whole day of work and 60% of another to buy cigarettes. Quitting smoking at this rate not only means better health, but also results in monthly savings of 8% of salary.
How many hours of work do you have to invest to buy a mid-range cell phone in Argentina
If you want to change your smartphone, a team of mid-high range, whether from Samsung, Motorola or Xiaomi, is 164,000 pesos, more than a full salary. Equals more than 237 hours or almost 30 working days, a month and a half of work.
On the same path, if what you are looking for is branded sports shoes, it takes 25 hours and 12 minutes of effort, more than 3 full days, since its price is around 17,400 pesos.
Within the entertainment category, going to see a movie at the cinema is a classic that is not cheap, especially if you do not apply any of the existing promotions.
Thus, an outing for two people, once a month with tickets and two combos with popcorn and soda, implies almost a whole day’s salary. Since 4,520 pesos are needed, and to earn that money a person must work six and a half hours.
“In many categories and items, such as the case of gastronomic services, textiles, footwear and information technology, the year-on-year increases have been in the range of between 85% and 95%. There are more hours of work to complete the acquisition of the same goods” , indicated Damián Di Pace, director of the consulting firm Focus Market.