Argentina is enduring its second workers' strike in five months as July's economic default threatens inflation and growth in the country, Bloomberg reports.

The country fell into default after several U.S. bondholders and New York-based hedge funds had demanded a full payment of the $1.5 billion in debts, a request upheld by U.S. court ruling demanding debts be cleared before Argentina could make any further payments on its restructured debts.

While the days immediately following the news were calm, and business was as usual in Buenos Aires, effects of the economic struggle are now trickling down to the work force.

Truckers, train conductors, port workers and waiters are demanding higher wages and protesting job dismissals in a 24-hour strike Thursday.

"It's a reflection of worker discontent," said Manuel Mora y Araujo, a Buenos Aires-based political analyst, according to Bloomberg. "Prices are rising and wages aren't."

Elypsis, a research firm in Buenos Aires, reported that consumer prices rose 38 percent in mid-August, compared to 2013.

By comparison, salaries increased by 29 percent in June, in relation to 2013, but no figures for annual inflation have been released by the government since February, Bloomberg reports.

Strikers blocked main entrances to Buenos Aires but most bus and metro services operated normally, according to TV channel TN, Bloomberg reports.

"There's a great desire to take part and show the government that people are fed up, tired and seeking answers to these demands that haven't been met," Hugo Moyano, secretary general of the General Workers Confederation and a former government ally, told reporters Wednesday, Bloomberg reports.

"You're going to have a relatively significant strike but I doubt you'll see substantial changes in the government's economic policy," Carlos Germano, a Buenos Aires-based political analyst, told Bloomberg.

The forecast is echoed by the opposition who are trying to fight for the rights of the middle class.

Pablo Micheli, head of the Confederation of Argentine Workers, or CTA, said in a statement, "(The government) hasn't sought any dialog to resolve the issues and the truth is the crisis doesn't look like it's going to subside. We don't want this to fall on the shoulders of workers and the middle class."

But the strike only consisted of 25 percent of existing union affiliates, Cabinet Chief Jorge Capitanich told Bloomberg.

He blames "concentrated economic groups" for price increases, instead of government spending, Bloomberg reported.

"There's no justification for this strike, it's political in nature," Capitanich said.