Dec 18, 2020
MEXICO CITY (AP) The Mexican government announced the country’s daily minimum wage will rise by 15% in January to the equivalent of about $7 per day.
The new wage still amounts to less than $1 per hour. But the increase is well above the country’s current 3.3% inflation rate.
Minimum wages on the northern border, which are higher due to higher costs of living, will also rise 15% to about $10.70 per day.
President Andrés Manuel López Obrador said Thursday the business sector had proposed an increase of 10%, but was outvoted by labor and government representatives on the tripartite commission that determines minimum wages.
By Yucatan Times on December 18, 2020
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(Photo: La Verdad)
MEXICO CITY (AP) The Mexican government announced the country’s daily minimum wage will rise by 15% in January to the equivalent of about $7 per day.
The new wage still amounts to less than $1 per hour. But the increase is well above the country’s current 3.3% inflation rate.
Minimum wages on the northern border, which are higher due to higher costs of living, will also rise 15% to about $10.70 per day.
President Andrés Manuel López Obrador said Thursday the business sector had proposed an increase of 10%, but was outvoted by labor and government representatives on the tripartite commission that determines minimum wages.
Mexico s minimum wage to rise 15% over business objections
by The Associated Press
Last Updated Dec 17, 2020 at 11:26 am EDT
MEXICO CITY The Mexican government announced the country’s daily minimum wage will rise by 15% in January to the equivalent of about $7 per day.
The new wage still amounts to less than $1 per hour. But the increase is well above the country’s current 3.3% inflation rate.
Minimum wages on the northern border, which are higher due to higher costs of living, will also rise 15% to about $10.70 per day.
President Andrés Manuel López Obrador said Thursday the business sector had proposed an increase of 10%, but was outvoted by labour and government representatives on the tripartite commission that determines minimum wages.