The 20% increase in the minimum wage in Mexico officially comes into force – MonitorExpresso.com

Morelia, Michoacán.- On January 1 of this year, President Andrés Manuel López Obrador’s plan to increase the minimum wage by 20%, announced last month, officially came into force, which was already the fifth increase in the minimum wage during his administration.
The Ministry of Labor and Social Welfare (STPS), through the National Council of Minimum Wage (Conasami), issued a notice on Monday indicating the general and occupational minimum wage applicable in both geographical areas where it applies.
In Mexico’s border region, which consists of cities bordering the United States, wages rose from 312.41 pesos a day to 377.89 pesos a day. In the rest of the country the figure was 207.44 pesos and now it is 248.93 pesos.
On December 1, President López Obrador announced that workers and businesses had reached an agreement to raise the minimum wage, which he called a historic event.
The increase follows negotiations at Conasami, where the Employers’ Confederation of the Mexican Republic (Coparmex) is demanding a 12.8% increase, while the union is pushing for a 25% increase.
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 each year, first by 16% and then by sixteen%. It’s 20%. It will increase by 15% in 2020, 22% in 2022 and 20% in 2023.
According to reports, since López Obrador took office in 2018, the purchasing power of wages has increased by 87%.
“When we arrived, the minimum wage was 88 pesos a day, 2,687 pesos per month, and as of January 1 it will be 249 pesos a day, 7,508 pesos per month,” the president said.

Original source in Spanish