Daniel Powell 9:40 a.m., Aug. 28
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:
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- Baja tax hike screwed businesses over — April 17, 2014
- Minimum wage is becoming a local matter — Dec. 19, 2013
- Local real-estate tax hike totals less than a half percent — Dec. 13, 2013