The entity stated that the project reduces unnecessary costs and doesn't affect the salary. The current system discourages employment
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Córdoba Stock Exchangeexpressed its strong support for the labor modernization project sent to the National Congress. The entity considered that the initiative is a necessary step to modernize the Argentine labor market. It states that it is the only way to create real conditions for investment and formal employment.
The institution warned that the country operated for years with an outdated and rigid regulatory framework that suffocates companies. This obsolete system ended up discouraging the creation of jobs in the genuine private sector. The main ones harmed were the workers trapped in informality by state obstacles.
Javier Milei's government's proposal seeks to correct these distortions through clear and predictable rules for the market. It attempts to adapt the legislation to the current productive reality in order to unblock the stagnant economy. Legal certainty is essential for companies to regain confidence when hiring.
La propuesta del gobierno de Javier Milei busca corregir estas distorsiones mediante reglas claras y previsibles para el mercado.
Labor costs and lawsuits
From the entity, they emphasized that the project doesn't affect the income that workers receive in their pockets. The objective is to reduce the additional and unnecessary costs that today artificially make labor hiring more expensive. These extra burdens create uncertainty at the time of adding new employees to the payroll.
One of the central points is the review of the severance pay scheme to reduce the so-called lawsuit industry. This change would make it possible to lower the excessive risks that currently condition the decisions of SMEs. A rational system doesn't eliminate rights, but instead promotes genuine and sustainable job opportunities.
The institutional document focuses on the direct relationship between investment, growth, and quality private employment. Without capital there is no possible economic growth, and without growth there is no improvement in real wages. The reform is the necessary instrument to create a favorable environment for production.
La entidad presidida por Manuel Tagle ve a la reforma como la llave para que el sector privado recupere su protagonismo.
The private sector as an engine
The entity chaired by Manuel Taglesees the reform as the key for the private sector to regain its prominence. Companies must once again be the main engine of employment instead of unproductive public employment. The modernization of the laws is urgent to overcome the secular stagnation that the country is experiencing.
The Exchange expressed its full support for the discussion and immediate approval of the new labor law in the legislative chamber. It considers that it is a key tool to reduce informality and energize the national economy. Resistance to change only perpetuates a model that has already demonstrated its resounding failure.
