The Mexican government announced the country’s daily minimum wage will rise by 15 percent in January to the equivalent of about $7 a day.
The new wage still amounts to less than $1 an hour. But the increase is well above the country’s current 3.3 percent inflation rate.
Minimum wages on the northern border, which are higher due to higher costs of living, will also rise 15 percent to about $10.70 a day.
President Andres Manuel Lopez Obrador said on Thursday the business sector had proposed an increase of 10 percent, but was outvoted by labour and government representatives on the tripartite commission that determines minimum wages.
Mexico s Minimum Wage to Rise 15% in January
The increase still amounts to less than $1 per hour but is well above the country’s current 3.3 percent inflation rate.
Dec 17th, 2020
A vendor sells nativity figurines, in a Christmas market where organizers were still deciding if they would close at 5 p.m., in accordance with a new state mandate intended to help slow the spread of COVID-19, in Ecatepec, Mexico State, on the outskirts of Mexico City on Dec. 14.
AP Photo/Rebecca Blackwell
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.
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.
2020/12/18 00:12 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.