Follow-Up 1: Devaluation

Of course, one of the main excitements here is that (nearly! see post above) everything is so cheap. Marvellous, you would say.

However, it is important not to forget that the Argentine Peso tumbled from parity to the dollar to nearly 3 to 1 now. That means that some imported goods increased by 300%.

Easy I thought, well, the salaries in consequence went up a minimum to compensate that. Well, not automatically, and having a 15% increase can be considered as a maximum.

Of course, not everything went up, the Subte (Underground) ticket price remained at 70 Centavos for instance. To the opposite, appartment rents and insecurity peaked.

That’s how some people end up checking out rubbish at night for recycling.

I smile when I think about complaints I heard because the general yearly salary increase in the company was of only (e.g.) 2% when prices went up by (e.g.) 1%. Some don’t realise how lucky they are. Maybe sometimes I don’t neither.

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