Tuesday, March 1, 2011

higer wages for System D

A super-brief item in the Buenos Aires Herald notes that, in January, wages in Argentina's informal economy rose at a much steeper rate than wages in the formal sector--a 4.1 percent boost vs. a 1.6 percent increase. But what does this mean? Are System D wages incredibly skimpy? Or is the informal economy so robust that it has no problem supporting such a strong rise in salaries?

Anyone who knows Argentina care to comment?

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