Mexico has chose to boost its still noticeably low everyday minimum wage by 12% next year
ByThe Associated Press
December 4, 2024, 9: 34 AM
MEXICO CITY — Mexico revealed Wednesday that it will boost its still noticeably low day-to-day minimum wage by 12% next year.
But since the Mexican peso has dropped by 18% in worth over the last year, the boost infact marks a minor drop in consistent dollar terms.
The three-party minimum wage commission, made up of federalgovernment, labor and organization agents, revealed the boost Wednesday. It will take result beginning Jan. 12025
The brand-new day-to-day minimum wage will be about 279 pesos, or about $13.75. The 2024 wage of 249 pesos per day was worth $14.25 whe