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In January 1st 2017, the minimum wage will increase to $80.04 daily pesos.

In January 1st 2017, the minimum wage will increase to $80.04 daily pesos.

Dec 21, 2016
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* The Conasami agreed to increase a 3.9%

The past days the Representatives from the Nacional Commission from minimum wages council agreed to give an increase constitute by the Independ Recovery Amount (Monto Independiente de Recuperación “MIR”) of $4.00 daily pesos to the minimum wage in order to support recovery, only and exclusively, to those salary employees that receive the minimum general salary, due it was not able to do it during the year.

This increase is due several economic events (from the Brexit referendum, currency policy regularization from the Unite States, result from their president elections) that stop from making it to $77.04 daily pesos, therefore the Representative council agreed to give an increase of 3.9%, wherewith the minimum general wage will be effective on January 1st 2017 and will be $80.04 daily pesos.

MIR’s objective is to recover the purchasing power from salary employees that receive the general minimum wage and in order to be accomplished, this should not affect goods and services prices that families with at least one employee with minimum general wage carry out, therefore there is an invitation to industries, services and commerce companies to support this objective.

Additional MIR’s increase should not affect salary economic price, neither collective hire.
With MIR, the Representative council decided to move forward purchasing power recovery from minimum wage even before the deliberative process concludes that began after the establishment of the Consulting Commission for the gradual and sustained recovery from the minimum general and professional wages, process that will conclude on the August 2017, as per the Final Report from the Consulting and Technical Studies Commission made.

Posted by Dulce Vazquez Dec 21, 2016 Categories: Articles $80.04 daily pesos, increase a 3.9%, Mexico, minimum salary, minimum wage Mexico, salary, salary mexico

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  • The Pension System Reform
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