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Mexico raises minimum wage by 22% next year

According to the Business Coordination Council (CCE), Mexico’s National Minimum Wage Commission plans to raise the current minimum wage from 141.70 pesos ($ 6.65) to 172.87 pesos (US $ 8.11) by 22 percent in 2022. The minimum wage in the Northern Border Free Zone near the US border is as high as 260.34 pesos per day.

Mexico is one of the leading denim manufacturers in the world.

The Mexican media quoted the CCE, saying that raising wages would help improve workers’ lots compared to established economic standards.

According to the Business Coordination Council (CCE), Mexico’s National Minimum Wage Commission plans to raise the current minimum wage from 141.70 pesos ($ 6.65) to 172.87 pesos (US $ 8.11) by 22 percent in 2022. The minimum wage in the Northern Border Free Zone near the US border is as high as 260.34 pesos per day.

Mexico’s current daily salary is one of the lowest in the Americas. It is even lower than the minimum wage in countries such as Honduras, Guatemala and El Salvador.

Fiber2Fashion News Desk (KD)



Mexico raises minimum wage by 22% next year

Source link Mexico raises minimum wage by 22% next year

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