Mexico Approves Pathetic Daily Minimum Wage Hike Julian Sanchez - El Universal
go to original December 2, 2016

The daily minimum wage will increase from 73.04 pesos to 80.04 pesos, around 3.85 dollars per day, starting on January 1.

Mexico's National Minimum Wage Commission Conasami voted unanimously to increase the countrywide general minimum wage by 3.9% to offset inflation and an additional 4 pesos, therefore increasing the daily minimum wage from 73.04 pesos to 80.04 pesos starting on January 1, 2017.

The commission's president, Basilio González, said that the additional increase was expected to take effect this year, but due to the economic climate in Mexico and abroad it was pushed back until next year.

He also said that the additional increase is not expected to affect the country's inflation rate or overall hiring practices.

See the original at El Universal

Related: Living Wage in Mexico Insufficient to Buy 'Basic Basket of Goods' for One Person (EconoTimes)

Related: A Drone Captured These Shocking Photos of InequalIty in Mexico's Biggest City (Business Insider)

Photo: VICE News

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