“I am about to receive the members of the minimum wage commission because going into December we will decide how much the increase will be, and it will be a considerable increase,” López Obrador said this morning without talking about a possible percentage.
The president acknowledged that the business sector “has not agreed for only one year; “It has always helped with salary increases.”
On September 28, the Employers’ Confederation of the Mexican Republic (Coparmex) spoke of a possible increase of between 11.5% and 12.5%, with the possibility of it approaching 20%.
“It remains to be seen the position of the workers and the government, I find it difficult for (the increase in the minimum wage) to remain at 12.5% and it will be something closer to 20%,” commented at that time Ricardo Barbosa Ascencio, president of the labor commission of Coparmex.
In 2023 the minimum wage is 207.44 pesos per day, while in the free zone on the northern border of the country it is 312.41 pesos per day.
With the increases that have occurred in recent years, the minimum wage has recovered 90% of its purchasing power, according to the Ministry of Labor and Social Welfare (STPS).