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Mexico’s minimum wage to rise 15% over business objections

Mexico’s minimum wage to rise 15% over business objections

The Mexican government announced the country’s daily minimum wage will rise by 15% in January to the equivalent of about $7 per day, well above the country’s 3.3% inflation rate, and above the 10% hike business sector had proposed. Mexican Employers’ Federation said that the rise in minimum wages, on the back of economic downturn, risks the closure of 700,000 business within the next three months.

pennydreadful
pennydreadful
Jon
Jon 2 months

Bye bye Mexican economy.

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