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Mexico Chamber urges another minimum wage hike for January 2018

The Chamber of Deputies urged the federal government and the National Commission of Minimum Wages (Conasami) to increase the minimum wage to $100 pesos per day as of January 1, 2018.

The Chamber called on the agency to immediately convene representatives of trade unions and the employers’ sector to begin working on the increase.

When presenting the proposition before the plenary session, the PRD legislator Arturo Santana recalled that the Conasami agreed on Wednesday an increase to the minimum wage of 10.4 percent to go from 80.04 to 88.36 pesos per day beginning December 1, 2017.

“To bring the minimum wage to $100 pesos in November 2017 would be a step more inscribed in the new wage culture, a progressive evolution of salaries that, while preserving stability, will induce economic growth and social development,” he said.

The secretary of the Board of Directors of the Chamber of Deputies affirmed that the salary increase will not have an important impact on inflation, but positive effects for the economy, besides allowing workers to live in a dignified way, allowing pay for work.

“The viability of the market economy with social stability in the medium and long term is only possible if broad sectors of the population find a decent life in it,” he said.

In an economic vote, the deputies of the various parliamentary factions endorsed in their terms the point of agreement:

“The Chamber of Deputies urges the federal government and the Conasami to assign an increase to the minimum wage to reach $100 pesos as soon as possible, which will come into force on January 1, 2018.”

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