Tycoon Carlos Magro expressed his disagreement with the reform initiative to reduce working hours from 48 to 40 hours per week, which is being discussed in the Chamber of Deputies, saying: “It is better if people work 48 hours and earn more than if they Work 40 hours and earn less.”
Slim, 83 years old, was among the guests at the inauguration of Tulum International Airport, in Quintana Roo, where he was interviewed by the press about the initiative.
“I believe it is better for people to work 48 hours and earn more than to work 40 hours and earn less.
“This is very important for the population: a better income with greater purchasing power and that has been achieved.”
“What is better: earning a lot more and living better, or working less and earning less?”
The billionaire added: “What is better: earning a lot more and living better, or working less and earning less?” Slim asked and answered, “I think it’s better to work more and earn more.”
Previously, Slim suggested that workers in Mexico should, among other things, work longer hours 11 and 12 hours a day, work only three or four days and retire at age 75.
Slim Helú, owner of América Móvil, Telmex, Telcel and other companies, was also asked about the 2024 election process and said there will be “a lot of investments” over the next six years. There will be a lot of development in the 24th, 25th, 26th, 27th and the next 10, 15 years.”
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Video: Carlos E. Montesinos / @calesmont
The minimum wage will increase by 20% in 2024: AMLO
Last Friday, President Andrés Manuel López Obrador announced that the minimum wage will increase by 20% in 2024, rising from 207.44 pesos per day to 248.93 pesos, thanks to the consensus of the federal government, employers and unions.
The president also reported a 20% increase in basic pay in communities bordering the United States, where it will rise from 312 pesos per day to 375 pesos.
This is the second year in a row that the minimum wage has increased by 20% and since 2019, the first full year of López Obrador’s presidency, the minimum wage has increased by double digits annually, first by 16% and then by 20% in 2019 2020, 15% in 2021, another 22% in 2022 and 20% in 2023. (EFE)
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Source: La Neta Neta
Karen Clayton is a seasoned journalist and author at The Nation Update, with a focus on world news and current events. She has a background in international relations, which gives her a deep understanding of the political, economic and social factors that shape the global landscape. She writes about a wide range of topics, including conflicts, political upheavals, and economic trends, as well as humanitarian crisis and human rights issues.
