Part 7/10:
Argentina’s social fabric is already strained, with poverty levels high and unemployment rising. The government’s austerity measures, including massive public spending cuts affecting hundreds of thousands of workers, are likely to intensify hardship. Trade unions and social groups have voiced concerns that rising unemployment and declining incomes will exacerbate poverty, which already affects more than 50% of the population.
President Milei has acknowledged the severity of these measures, stating there is "no alternative to adjustment" and warning Argentinians to brace for difficult times ahead. The potential for hyperinflation hangs over the country, with critics warning that the lack of price controls could accelerate this trajectory.