"Francisco Jimenez spends at least eight hours a day, seven days a week, riding through the streets of Buenos Aires as a delivery app rider, yet he still struggles to make ends meet. Next month, the 32-year-old will have to leave his rented house on the outskirts of Argentina's capital and move with his wife and three children into his mother-in-law's flat because he can no longer afford the rent."
"Argentinians such as Jimenez, who are struggling to make ends meet, are now the majority. After taking office in December 2023, Milei, an economist and former TV pundit, launched a deep chainsaw austerity plan, cutting federal spending, freezing wages and pensions, halting public works and slashing subsidies. To meet his zero-deficit target, he also introduced a shock therapy approach to the peso, initially devaluing it by almost 55%."
Francisco Jimenez works at least eight hours daily as a delivery app rider in Buenos Aires yet cannot afford his rent and must move his family into his mother-in-law's flat. He voted for Javier Milei's La Libertad Avanza in the midterm elections despite personal economic hardship and a wider downturn. The campaign featured a US $40bn bailout announcement conditioned on Milei's victory. Since taking office in December 2023, Milei implemented deep austerity measures including cuts to federal spending, wage and pension freezes, halted public works, slashed subsidies and an initial almost 55% peso devaluation to target a zero deficit.
Read at www.theguardian.com
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