First Step in Possible Minimum Wage Increase Presented to Mexico Congress David Alire Garcia and Alexandra Alper - Thomson Reuters
go to original December 7, 2014

Mexico's President Enrique Pena Nieto addresses an audience in Mexico City November 27, 2014. (Reuters/Bernardo Montoya)

MEXICO CITY - President Enrique Pena Nieto on Friday presented a bill to Mexico's lower house that represents the first step towards a possible increase in the country's low minimum wage.

The measure, which would decouple the minimum wage from how fines and some levies are calculated, is part of Pena Nieto's bid to eventually boost economic growth and the purchasing power of low-income Mexicans.

Depending on area, the daily minimum wage in Mexico varies between 63.8 pesos and 67.3 pesos ($4.44-$4.69).

If the bill is approved by both houses of Congress, as expected, a future minimum wage increase would also require the approval of an independent commission.

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