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    Home»Update»Business Coordinating Council supports a 20% increase in the minimum wage

    Business Coordinating Council supports a 20% increase in the minimum wage

    Qacz WillyBy Qacz WillyNovember 29, 2022No Comments3 Mins Read
    Business Coordinating Council supports a 20% increase in the minimum wage
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    The Business Coordinating Council (CCE) Mexico advanced this Monday that it endorses the 20% increase in the minimum salary proposed by President Andrés Manuel López Obrador although the private sector had suggested a smaller increase.

    “We are over 20%,” said Francisco Cervantes, president of the CCE, at an express question from EFE during a dialogue with the media in Mexico City.

    The statements by the leader of the leadership of the private sector occur hours after López Obrador affirmed that “there is a will” from all sectors to increase by 20% the minimum salary for 2023, a decision to be announced next Thursday.

    The National Commission for Minimum Wages (Conasami) These days, the increase that will take place next year is being debated in the midst of the highest general inflation in two decades, which reached an annual rate of 8.7% in September, the highest rate since the year 2000.

    coparmex asked for a 15% increase

    Although the Employers Confederation of the Mexican Republic (Coparmex) had asked for a 15% increase, the president of the CCE pointed out that the unions were asking for a higher increase, so they are “reaching an average.”

    It is not that we support it (20%), what we want to avoid is that the salary goes down the stairs and inflation goes up the elevator, so we have to balance this very well ”,

    argued Cervantes, who represents 12 business organizations that make up 80% of the Mexican economy.

    increase the minimum salary It has been one of the main labor policies of López Obrador, who affirmed this Monday that since his first full year in office, in 2019, it has grown 62% in real terms and in the municipalities on the border with the United States the increase has been of double.

    Read:  Carrefour has a strategy to compete in the business

    Before López Obrador assumed the Presidency, there was a minimum salary of 88.36 pesos a day (4.4 dollars) in 2018 while now it is 172.87 pesos (8.6 dollars).

    Cervantes called for “balance” for micro, small and medium-sized enterprises (MSMEs), noting that in 2023 changes such as the pension reform that requires an increase in the employer contribution and the vacation reform that rises from six to 12 will come into force. mandatory rest days.

    2023 is going to become a year with a very important work agenda, and we agree, but we are asking for gradualness, in such a way that MSMEs do not mind it because after the pandemic it cost them a lot of work, many could not stand it ”,

    pointed.

    MORE NEWS:


    EFE International news agency based in Madrid and present in more than 110 countries.

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