The National Employment Council was meeting today with Labour Minister Carlos Tomada to discuss the new minimum wage, which currently is fixed at 4,716 pesos.

The meeting was held in the 18th floor of the Labour ministry. Attendees will also discuss other issues brought up by the National Employment Council such as unemployment benefits and others proposals by the Employment observatory.

In statements to Radio 10 earlier, the head of the taxi drivers' union Omar Viviani warned they will demand a 29 percent wage hike.

The decisions made by the council will have a key impact on other areas of the economy, such as the authorizations for the purchase of dollars for savings.

The minimum income needed to receive authorization to purchase dollars at the official rate is twice the minimum salary, which is equivalent to 9,432 pesos.

Buenos Aires Herald