Winner sectors (energy, agriculture, mining) average 11% above Nov 2023 levels; loser sectors (construction, industry) trail 9% behind despite overall 2.5% wage recovery. Oil sector workers earned USD 6,779 monthly in 2024 vs USD 4,386 in 2021—a 55% jump—while retaining tax exemptions that may face government reform.
infobae
· Nov 24, 2025
· economy
· 3 min de leitura
High
Apuração: Verificado
Milei's Argentina: Energy Sector Surges While Construction, Industry Lag Behind
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Politics & Governance
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Viés e Enquadramento
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Article presents sectoral wage disparities under Milei with emphasis on energy sector gains, using consultant data to frame winners/losers narrative without examining underlying policy causes.
Bias Direction
center-right
Confidence
MED
Binary winner/loser framework that highlights energy sector success while downplaying construction and industry struggles. Uses consultant reports as authoritative sources without critical examination. Emphasizes oil worker salary increases (55%) prominently while treating lagging sectors more briefly.
asombrosos datos (astounding data)
sectores ganadores/perdedores (winning/losing sectors)
bloque de sectores ganadores
diferencias marcadas (stark differences)
se exponen (are exposed)
Construction and industry worker voices or union perspectives on wage stagnation
Analysis of why energy sector outperforms (commodity prices, policy choices, etc.)
Critique of tax benefits for oil workers or inequality implications
Opposition political party analysis or criticism of sectoral disparities
Context on whether 55% oil wage increase reflects real purchasing power gains or nominal inflation recovery
Impact on overall economic inequality and social cohesion
Impacto Geopolítico
🌎
Argentina's economic restructuring under Milei creates stark sectoral winners (energy, agriculture) and losers (construction, industry), potentially reshaping regional economic influence and labor dynamics.
Escalation Risk
moderate
Confidence
HIGH
Argentina
South America
MERCOSUR
Global energy markets
Milei's market-oriented policies concentrate wealth in export-oriented sectors (oil, agriculture), weakening domestic manufacturing and construction. This shifts Argentina toward resource extraction dependency, potentially increasing vulnerability to commodity price fluctuations and reducing regional manufacturing competitiveness versus Brazil and Chile. Energy sector gains may enhance Argentina's geopolitical leverage in regional energy negotiations.
Similar to 1990s Argentine neoliberal reforms under Menem, which prioritized export sectors and financial services while hollowing out domestic industry, eventually contributing to the 2001 economic crisis and regional instability.
Lente Econômica
📈
Argentina's economy under Milei shows stark sectoral divergence: energy and agriculture surge 5.8% in real wages with oil workers gaining 55% since 2021, while construction and industry lag at 1.9%, creating widening inequality.
Market Signal
mixed
Confidence
HIGH
Energy/Oil & Gas
Agriculture
Mining
Financial Services
Construction
Manufacturing/Industry
Services
Households face uneven wage recovery creating economic inequality. Energy sector workers enjoy substantial purchasing power gains while construction and manufacturing workers see minimal real wage growth, potentially widening income disparity and reducing overall consumer spending capacity in struggling sectors.
Government may face pressure to address sectoral imbalances through targeted industrial policy or wage support for lagging sectors. Tax exemptions for oil workers (mentioned regarding income tax benefits) could face scrutiny as inequitable. Potential need for construction/manufacturing stimulus to prevent further economic divergence and employment losses.