• 2025.10.29 (Wed)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
MENU
 
Home > World

Argentina's Universities on the Brink: Nationwide Strike Demands 40% Wage Hike, Budget Increase

Pedro Espinola Special Correspondent / Updated : 2025-03-19 20:09:10
  • -
  • +
  • Print

Buenos Aires, Argentina – Argentina's university system is facing a critical juncture as faculty and staff across the country commenced a 48-hour general strike, protesting severe economic hardship and demanding urgent government action. The strike, organized by prominent labor unions such as the National University Teachers' Federation (Conadu), the National University Workers' Union Front (FSUN), and the Buenos Aires University Teachers' Union (Feduba), underscores the deepening financial crisis plaguing the nation's higher education institutions.

The universities' plight has been exacerbated by Argentina's spiraling inflation and the government's austerity measures. Since President Javier Milei's inauguration, the gap between soaring living costs and stagnant wages has widened dramatically, pushing university employees to the brink.

The unions' primary demands include:

A 40% wage increase to restore purchasing power lost due to inflation since December 2023.
A substantial increase in the 2024 university budget, which has been slashed by 40% compared to the previous year.
According to Conadu, 65-70% of national university workers are now living below the poverty line. Feduba reports that university employees have suffered a 71% loss in real income since President Milei took office. The government's proposed wage increases for January and February 2024, at 1.5% and 1.2% respectively, fell far short of the corresponding inflation rates of 2.2% and 2.4%.

Data from the Argentine Education Observatory reveals that the 2024 education budget has been reduced by 40% compared to 2023.

Union leaders emphasize that the strike is not solely about wage demands, but also a defense of Argentine democracy, institutional stability, and the right to protest. They assert that the majority of university employees are struggling to survive, and the situation is dire.

The strike has placed significant pressure on the government to address the universities' financial crisis. The nation now awaits the government's response and its proposed solutions to avert a potential collapse of the higher education system.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #글로벌이코노믹타임즈
  • #한국
  • #중기청
  • #재외동포청
  • #외교부
  • #micorea
  • #mykorea
  • #newsk
  • #nammidonganews
  • #singaporenewsk
Pedro Espinola Special Correspondent
Pedro Espinola Special Correspondent

Popular articles

  • OpenAI's $500 Billion Valuation Ignites 'AI Bubble' Debate on Wall Street

  • Chinese Researchers Unveil Ultra-Fast Analog Chip, Targeting 1,000x Nvidia Speed

  • Argentina Emerges as a 'Strategic Partner' in Caribbean Agricultural Innovation

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://www.globaleconomictimes.kr/article/1065611315794198 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • Trump Approval Rating Sinks to Term Low of 40% Amid Cost-of-Living Concerns
  • Korea Aerospace University to Host 2nd Annual Runway Festival
  • Striking Banners Greet APEC CEOs at Pohang-Gyeongju Airport
  • Incheon to Host Women's Futsal Tournament: A Celebration of Amateur Sports
  • TRUMP DEPARTS HANEDA FOR SOUTH KOREA AMID HIGH-STAKES ASIA TOUR
  • South Korean President Lee Jae-myung: 'K-Democracy' Proves Power of Solidarity, Echoes 'Honmoon' in K-Pop Film

Most Viewed

1
Early Winter Chill Grips South Korea as Seoraksan Sees First Snow
2
South Korean Chip Titans Clash Over Next-Gen HBM4 Memory
3
Gyeongju International Marathon Elevated to 'Elite Label' Status, Welcomes Record 15,000 Runners  
4
Global Chip War Intensifies: Micron Woos Korean Engineers with Lucrative Offers, Up to 200 Million KRW Salary
5
Korean Gold Rush Overheats as 'Kimchi Premium' Hits Dangerous Levels
광고문의
임시1
임시3
임시2

Hot Issue

4 Korean Teams Win at the Inaugural 2025 OKTA Global Startup Competition

TRUMP DEPARTS HANEDA FOR SOUTH KOREA AMID HIGH-STAKES ASIA TOUR

Unsung Heroes of Diplomacy: Volunteers Power Gyeongju's APEC Summit

Samsung Electronics Breaks KRW 100,000 Barrier, Market Cap Surpasses KRW 600 Trillion on Lee Jae-yong's Third Anniversary

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Lee Yeon-sil Column
  • Ko Yong-chul Column
  • Photo News
  • New Book Guide
  • Cherry Garden Story
  • Multicultural News
  • Jobs & Workers
  • APEC 2025 KOREA GUIDE