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    Home»News»If the minimum wage goes up, do all salaries go up too in 2023?

    If the minimum wage goes up, do all salaries go up too in 2023?

    Stanley BowersBy Stanley BowersDecember 2, 2022No Comments1 Min Read
    If the minimum wage goes up, do all salaries go up too in 2023?
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    Will my salary be raised in 2023?

    To answer this question, it is necessary to point out that the direct beneficiaries of this measure will only be formal workers who are registered with the Mexican Institute of Social Security by their respective employers. But not all.

    Luis Munguía, head of the National Minimum Wage Commission, estimates that the increase will benefit the 6.4 million workers in the formal sector of the economy and who earn a minimum wage, this represents about 30% of formal workers and are the ones who They are registered with the IMSS. Workers in some trades and professions could also benefit.

    Those who earn more than one minimum wage – which in 2023 will be 207.44 pesos a day throughout the country and 312.41 pesos in the free zone of the northern border – will not see an automatic increase in their salary perceptions.

    However, the general minimum wage increase it can lead formal workers to negotiate a proportional increase with their respective employers. Especially in a year where inflation has been higher than 8% per year.

    Informal workers, since they are not regulated, will not benefit from this official increase either.

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