Social Agency, Business Group Put Minimum Wage Back on Mexico’s National Agenda Mexico News Daily
go to original July 2, 2017

Coparmex members gathered in Mexico City to present their "new wage culture" campaign (Coparmex)

Discussion of the minimum wage is back on the national agenda with a business organization and a social development agency urging increases that would be rather higher than those seen in past years.

Coneval, the agency responsible for the measurement of poverty levels, has recommended an increase of 17.5%, which would add 14 pesos to the current minimum wage of 80.04.

Coming in slightly lower was Coparmex, the Mexican Employers Federation, which proposed a 15.8% increase, or 12.68 pesos more.

The minimum wage is reviewed annually by the National Minimum Wage Commission (Conasami) and changes go into effect January 1 each year.

This year it went up almost 10%, or seven pesos.

The executive secretary of Coneval warned that if the federal government didn’t raise the minimum wage it ran the risk of increased poverty given this year’s inflation rates, the highest in the last eight years.

Gonzalo Hernández Licona explained that during the second quarter the cost of the basic basket of goods increased by 7%, negatively impacting purchasing power.

Read the rest at Mexico News Daily

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!