Low Minimum Wage Hurts the Mexican Economy

Low minimum-wage hurts the Mexican economy as many people make more money working "under the table", an estimated 60% of working people, and not paying taxes.

National attention in Mexico has focused on the country’s shockingly low minimum wage after the Mexico City government suggested it could act to increase the local minimum.

The debate has highlighted widespread dissatisfaction with the minimum wage of 67.29 pesos per day, or about $5. But suggestions that it be raised have drawn howls of protest from business chambers, who say raising it would only spur inflation.

In a country where . . .

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