Mexico’s minimum wage to go up: still no compariso - footwearbiz: Lead

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Mexico’s minimum wage to go up: still no comparison with US rates

27/11/2017
A government commission in Mexico has approved an increase in the country’s minimum wage. The rate will rise by more than 10% to 88.36 pesos (around $4.75) per day.

Companies have one year to prepare for the increase; workers across the country will start to receive the higher rate from December 1, 2018.

There will still be an enormous gap between pay rates in Mexico and those across the border in the US, where, compared to Mexico’s new rate of $4.75 per day, the minimum wage in the US has been $7.25 per hour since 2009 and many individual states have made their rates higher.

This means that, even with the agreed increase, a worker on the minimum wage in Mexico will earn in a whole day 65% of what her or his counterpart in the US will earn in one hour.


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