Vincent Farnsworth 6:31 p.m., Dec. 4
Mexico increases minimum wage for 2013
Agreement to increase minimum wage made, yet rate is below inflation
The minimum wage commission of Mexico agreed Tuesday, December 18th, to hike the current minimum salaries by 3.9% nationwide. While the raise may seem like an improvement, it is less than the 4.2% increase last year and less than the current 4.2% inflation rate.
Mexico has numerous variations on its minimum wages depending on location and profession. All of Baja California and Baja California Sur fall into the highest paid Zone-A. Non-professional workers will earn slightly less than 65 pesos a day in 2013, which is equivalent to about $5.10 in the United States.
Mexico’s minimum wage has lagged behind market levels for years. However, a large portion of the country is paid above the minimum wage and many others work outside of the formal business force, where they potentially earn more.
More like this:
- Baja California’s drop in murder rate confirmed by government statistics — July 31, 2013
- Less than 4% of Baja California homicides in 2012 resulted in convictions — July 18, 2013
- Opium poppy plantation found near Tecate, Baja California — May 13, 2013
- 51 narco-tunnels destroyed during last 6 years in Baja California and Sonora — Jan. 7, 2013
- Drug Trafficker Sentenced to Over 13 Years in Baja Prison — July 19, 2012