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How much is the minimum wage in Argentina in October 2026
In October 2026, the minimum wage in Argentina, known as the Salario Mínimo, Vital y Móvil (SMVM), was set at $391,200 per month for full-time workers. For hourly or daily workers, the minimum rate was $1,956 per hour. This increase was implemented through Resolution 4/2026 by the national government after the National Council on Employment, Productivity, and Minimum Wage failed to reach an agreement between unions and employers. The new rates apply to workers covered by the Labor Contract Law 20,744, agricultural work regulations, national public administration, and state entities acting as employers. Further increases are scheduled throughout 2026 and into 2027, reaching $437,000 per month by April 2027. The minimum wage for hourly workers will also rise incrementally over this period. Additionally, unemployment benefits were adjusted to align with the new minimum wage, setting a floor of $195,600 and a ceiling of $391,200.
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