Economics
Mexico Is About to Find Out If Minimum Wage Raises Kill Jobs
- Lopez Obrador uses wage hikes to fight poverty and inequality
- Economists split on whether higher wage will hurt employment
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Economists debating the impact of a minimum wage on inequality, inflation and the jobless rate are about to get a ton of new evidence from Mexico.
The country is boosting its minimum wage 20% next year, an increase seven times faster than inflation, on top of a 16% jump this year.