Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexico City Mayor Proposes $6 PER DAY Minimum Wage

It doesn't sound like much, but Mexico City's mayor has raised hackles with a proposal to increase the country's $5 per-day minimum wage to $6 per day.

Mayor Miguel Angel Mancera says the city will propose raising the 67.29 peso minimum wage to 80 pesos per day. That's about the price of a hamburger meal at a chain restaurant in Mexico.

Mancera told local media Monday "it won't be easy." Federal officials have expressed fear such a measure will cause inflation.

Mexico's minimum is comparable to Honduras or Nicaragua, the poorest nations . . .

Read Full Story

Related Posts

Puerto Vallarta mass wedding draws over 300 couples

Puerto Vallarta mass wedding draws over 300 couples

More than 300 couples were married in Puerto Vallarta’s mass civil wedding, a public event...
Puerto Vallarta trafficking fight stalls amid corruption

Puerto Vallarta trafficking fight stalls amid corruption

A specialist says corruption and surface-level enforcement are weakening anti-trafficking efforts in Puerto Vallarta and...
Mexican peso exchange rate

Peso weakens past 18 as markets weigh war and rates

The peso slipped past 18 per dollar after Banxico cut rates and global tensions lifted...

Why $100 Oil Still Raises Everyday Costs in Mexico

Mexico produces oil, but households still absorb fuel shocks through freight, food prices, tax subsidies,...