The Mexican minimum wage will increase by 20% in 2023with which it will go from 172 pesos a day to 207 pesos, thanks to the consensus of the Government, employers and the labor sector.
This morning, within the National Minimum Wage Commission (Conasami), unanimously, by consensus between the business sector, the labor sector and the Government, it was decided and defined a 20% increase in the minimum wage in 2023. , announced this Thursday Luisa María Alcalde, Secretary of Labor of Mexico.
In the government’s daily press conference, the official also reported a 20% increase in the basic salary of the municipalities on the northern border, where it will go from 260 pesos a day to 312 pesos.
With these increases, the general minimum wage will rise by 1,052 pesos per month and that of the northern border by 1,584 pesos per month.
The measure will immediately benefit 6.4 million formal workersdetailed the Secretary of Labor.
As of January 1, their purchasing power will increase and with this it will also give dynamism to the local economy, the internal market and will support not only directly the workers, but also their families”, he argued.
Minimum wage rise contrasts with inflation
The CONASAMI decision occurs in the middle of the inflation highest Mexican in two decadeswhich reached an annual rate of 8.7% in Septemberthe highest rate since the year 2000.
Although the Employers’ Confederation of the Mexican Republic (Coparmex) had requested an increase of 15%the unions asked for a higher rise, so they agreed to another figure.
The business sector will continue to support this process of empowerment of the general minimum wage, with this goal that, unfortunately, the issue of inflation that we suffered in Mexico made the figure difficult for us, but we will continue in this impulse”, declared Lorenzo de Jesús Roel, representative of the business community
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But the president of Mexico, Andrés Manuel López Obrador, He maintained that “with this increase he does not see the risk of inflation skyrocketing.”
“We are also carrying out an anti-inflationary plan, which means allocating a subsidy of more than 300,000 million pesos this year so that the price of gasoline does not increase,” he said.
Raising the minimum wage has been one of the main labor policies of López Obrador, who has argued that since his first full year in office, in 2019, and until 2022, it has grown 62% in real terms and on the border with the United States it has doubled.
This is very good news for Mexicans. Do you know since when the minimum wage did not increase in this proportion? For more than 40 years. So it is an important fact, it is a historic day today, ”he said.
The Mayor’s secretary asserted that, with the increase for 2023, Purchasing power will have recovered by 90% since 2018 after the loss recorded in the last 40 yearswhen presidents were reluctant to raise the basic salary.
He also pointed out that with the increase, Mexico has risen 31 positions worldwide in the minimum wage purchasing power index to occupy the 50th place in 2023 after being at 81 in 2020, with which it is now above other countries. such as Paraguay, South Africa, Argentina, Honduras and Panama.
Honestly, for us it is a reason, first of all, to recognize that it is justice for the workers in Mexico who were left behind against all our counterparts around the world”, commented José Luis Carazo, representative of the labor sector at Conasami.
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