Mexico to Increase Minimum Wage by 20% in Election Year
- Daily minimum wage for Mexican workers will grow to 249 pesos
- AMLO has been boosting the minimum salary to help consumption
The daily minimum wage that Mexican workers will get next year increases to 249 pesos.
Photographer: Yuri Cortez/AFP/Getty ImagesThis article is for subscribers only.
Mexico will increase the minimum wage by 20% starting on Jan. 1, President Andres Manuel Lopez Obrador announced Friday, pressing on with a popular policy among his working class base ahead of June’s presidential election.
The hike will mean the minimum salary has doubled in real terms since the start of Lopez Obrador’s term in late 2018. Mexican workers’ daily minimum wage will be 249 pesos ($14.4), or 7,508 pesos per month, the president said at his daily press conference.