He minimal salary will increase by 20% from the beginning of 2024, reported in President Andres Manuel Lopez Obrador.
“An agreement was reached with the labor sector, with the business sector, so that increase the minimum wage by 20% starting January 1,” he said this Friday during a morning press conference in National Palace.
Thanks to this measure, from January 1, 2024, the final amount that workers will receive will be 249 pesos per day, that is, 7,508 pesos per month.
In the northern zone this figure will increase to 365 pesos per daywhich is a total of 11,403 pesos per month.
The president called the agreement “historic” and said the increase represented a doubling of the amount that was paid at the beginning of his administration.
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According to AMLO, at the beginning of his six-year term, the minimum wage was 88 pesos per day, or 2,687 pesos per month.
Source: Aristegui Noticias
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
