By the Blouin News Politics staff

Will private sector investment create Argentina jobs?

by in Americas.

Mauricio Macri, president of Argentina. (Source: Daniel Osinaga - El Libertario/flickr)

Mauricio Macri, president of Argentina. (Source: Daniel Osinaga – El Libertario/flickr)

The debate over layoffs in Argentina continues to rage as the can gets kicked down the road for the time being. On Wednesday President Mauricio Macri visited a GM plant in the country to be present at the firm’s announcement of major new investments in Argentina. GM President Mary Barra extolled Macri’s policies, saying “his extraordinary economic reforms have led GM to strengthen its investments in Argentina.” Macri lauded the decision, saying that “jobs are not created by accident, but rather by investment and confidence. If there is no confidence, there is no investment.” He went on to describe his administration’s progress in rebuilding confidence of investors and the world in Argentina after years of bungled policies under his predecessor.

Argentina’s Congress is debating an “anti-layoffs bill” that would impose double severance pay and ban layoffs without cause over the next six months, which businesses of all sizes are against.

According to A.P., tens of thousands of state and private employees have been fired since Macri took office…

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