Mexico's minimum wage will rise by 20% next year, to about $14.25 per day
Mexico's minimum wage will rise by 20% next year, to about $14.25 per day
apnews.com Mexico's minimum wage will rise by 20% next year, to about $14.25 per day
Mexico's president says its minimum wage will rise by 20% in 2024, to the equivalent of about $14.25 per day.
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Looks like it just matches long term inflation, beats 2023 inflation. Win for workers.
During the observation period from 1960 to 2022, the average inflation rate was 19.0% per year. Overall, the price increase was 1.36 million percent. An item that cost 100 pesos in 1960 costs 1.36 million pesos at the beginning of 2023. For October 2023, the year-over-year inflation rate was 4.3%.
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