Mexico’s general daily minimum wage (Salario Minimo) rose on January 1, 2023 to$207.44 pesos per work day, a 20% increase on the 2022 level of $172.87. The rate for 2023 along the ‘Northern Border Zone’ was increased to$312.41 pesos per work day—a rise of 20% on the 2022 rate...
Minimum Wage Effective January 1, 2024, the minimum wage in Mexico will increase by 20%. The new minimum wage amounts will be as follows: Central Zone - 248.93 Border - 374.89 Overtime Work shifts may be extended due to extraordinary circumstances but may not exceed three hours per day...
In 2023, the minimum wage has witnessed a considerable increase. Nevertheless, it continues to fall short of meeting essential living costs. Calculations indicate that a worker should ideally earn at least twice the amount of the latest increment to adequately cover these necessary expenses. A signi...
In a statement, the company regretted that the benefits of the proposal, which protects the welfare of families by integrating a wage increase above inflation along with other benefits, have been disregarded by the majority of the vote expressed in this consultation exercise. The automaker also exp...
The annual wage increase in Mexico does not counteract the rising costs of food, services, and transportation, with poverty being a determining factor in food insecurity. Although federal programs and policies such as “Oportunidades”, “Procampo” and “Adulto Mayor” have contributed to a 9% ...
Minimum Daily Wage (MDW) in Mexico Mexico’s minimum daily wage was raised on Jan 1, 2024 to $248.93 pesos per day, a 20% increase from $207.44 pesos in 2023. The minimum wage along the Northern Border Zone was raised to $374.89 pesos a day from $312.41 pesos a day. See also: Me...
Mexico Vehicles Market in November 2024 experienced growth after momentum was previously disrupted. Monthly sales grew 13.8% compared to the prior year and reached 146,783 units. YTD figures stood at 1,34 million (+10.4%). Chevrolet grew 12.7%, threateni
As part of it, the government pledged to increase production of staple foods with the support of local business leaders. The ministry spokesperson declined to give more details about the changes to the law ahead of publication. Mexican headline and core inflation in April reached thei...
Not only are there more jobs in Mexico, but they are also better paid: the average real wage has risen by about 6% since January of last year, partly due to increases in the minimum wage and partly due to wage pressures that result from the lowest unemployment rate ...
This trend is most likely to increase but not worriyngly so, since Mexico is still far from being one of the countries with the highest population density . Among the Mexican metropolises, Mexico City has the highest number of residents by far. Read more Mexico: Unemployment rate from 1999...