Mexico’s minimum salary will increase by 20 percent from January 1, 2023.
This means the basic wage for an eight-hour working day will increase from 172 pesos (approximately $US8.60) to 207 pesos ($US10.35) in the greater part of the nation. This is equivalent to 1,052 pesos a month. The exception is in 44 municipalities on the northern border with the United States, where the increase will be from 260 to 312 pesos a day. Four years ago, when President Andres Manuel Lopez Obrador took office, the minimum wage stood at 88 pesos a day.