10272020Tue
Last updateFri, 23 Oct 2020 11am

General News

Minimum wage to go up 4 percent

Mexico’s minimum wage will go up by around four percent from January 1. The daily rate will increase to approximately 73 pesos a day.  Despite criticism from some left-wing politicians that the hike is paltry and fails to meet the needs of the country’s poorest citizens, Mexican government officials say the raise is above the inflation rate. Although only 13 percent of Mexico’s workforce earn the minimum salary, according to the federal statistics agency Inegi, the figure represents a benchmark for employers to negotiate wage increases.

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