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peppertree

(22,850 posts)
2. Good point
Wed Jan 4, 2023, 05:51 PM
Jan 2023

Sadly, U.S. firms have been reluctant to invest in the Argentine mining sector - even during under Trump's right-wing pal Macri in 2015-19 - because "Argentine wages are too high."

Macri even chided them at one point, reminding them that "I brought wages down!" (as a boast!)

And he did - by 20% in real terms, and 45% in dollar terms.

But U.S. mining giants tend to demand African-like wage scales, and as a result they're being mostly left out - or rather, leaving themselves out - of the game.

It's not too late - but there are not that many shopping days til Christmas (so to speak).

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