Tens of thousands of jobs have been cut in construction alone. Milei wants to slash spending to erase an entrenched fiscal deficit and loosen labor protections to spur investment. At least 50,000 construction workers lost their jobs between November and February, with industry bodies saying it could now be closer to 100,000. “We knew that if this government came in, they wouldn’t invest money in civil works,” said Vazquez, who did not vote for Milei. Milei, who has shut or downgraded ministries including the Transport Ministry and Public Works Ministry to cut costs, has repeatedly presented the private sector as a solution, but Camarco counters that it cannot replace state investment.

Source: Bueno Aires Herald May 23, 2024 12:47 UTC