Ariel Maciel warns that without reforms there will be no formal employment

Economic journalist Ariel Maciel warned of high tax pressure and the SME crisis in Argentina, stating that without structural changes there will be no incentives to hire formally. He criticized the lack of dialogue with the private sector and the unsustainable cost of labor hiring.

Ariel Maciel, in an analysis on Canal E, questioned whether lowering taxes is enough to revive the economy. "Not even to start", he said about the government's current measures, despite advances like labor reform.

He pointed to structural obstacles for SMEs, such as tax burden and labor costs. "For every two employees a company is paying a third", he explained, reducing competitiveness against imports and halting investments. The private sector reports projects on hold due to lack of clear signals.

Maciel criticized the government's priority of lowering inflation at any cost, including counting informal jobs as positive. He highlighted the gap between formal and informal firms, and the lack of dialogue: "when I asked who they were talking to, they said no one". SMEs generate 75% to 80% of registered employment.

While business owners value macroeconomic stability, it is not unconditional. Maciel called for tax reforms to improve hiring conditions.

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Realistic illustration depicting President Milei's congressional speech and contrasting reactions from business leaders and opposition figures.
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Business and opposition react to Milei's Congress opening speech

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In the wake of President Javier Milei's March 1, 2026, address to Congress—where he announced 90 structural reforms and criticized opponents and certain business sectors—reactions poured in. The Argentine Business Association (AEA) called for constructive dialogue and praised Economy Minister Luis Caputo, while the Industrial Union (UIA) decried a 'critical' situation for industry. Opposition figures slammed the speech as confrontational and lacking proposals.

ADIMRA president Elio del Re questioned aspects of Javier Milei's labor reform, particularly ultraactividad for SMEs that creates uncertainty. As the government accelerates Senate negotiations for a February 11 session, labor lawyers reject the bill as unconstitutional. Industrial and legal opposition highlights complexities in the current text.

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On Canal E's QR! program, experts discussed how to build an effective opposition against Javier Milei's government amid global changes and a political participation crisis. Sociologist Luci Cavallero and political scientist Nicolás Tereschuk analyzed the rise of radical right wings and the need for new organizational forms. Additionally, former minister José Ignacio de Mendiguren warned of a 14% drop in industry, questioning the current economic model.

Two La Tercera columnists present opposing views on cutting Chile's corporate tax amid economic slowdown and fiscal deficit. Alejandro Weber advocates reducing it from 27% to 23% to boost investment and jobs, offset by spending cuts. Carlos J. García warns it won't drive significant growth due to rent-seeking and market concentration.

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President Javier Milei opened the 144th ordinary session of Congress with a nearly two-hour speech, announcing a package of 90 structural reforms to redesign Argentina's institutional architecture. He harshly criticized the Kirchnerist opposition, referencing cases like Nisman and former President Cristina Kirchner, while praising his administration's achievements such as zero deficit and deregulations. The event, marked by clashes and tensions, included plans to strengthen the economy and security.

Javier Milei's government expresses optimism for half sanction on its labor reform in the Senate this Wednesday (Feb 11), led by Patricia Bullrich's negotiations. Building on recent bloc strengthening, the initiative faces strong union backlash, including a CGT march, as the ruling party eyes modifications for passage.

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Javier Milei's government-backed labor reform passed half-sanction in the Senate with 42 votes in favor and 30 against, now heading to the Chamber of Deputies amid union opposition. The CGT will meet on Monday to consider a 24-hour general strike during the debate, as unions like UOM demand mobilizations. In the economic context, 22,000 companies have closed and 290,000 jobs lost in two years.

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