Mexico’s wage commission said on Monday it planned to hike the country’s minimum wage by 16 percent to around $5 a day and new President Andres Manuel Lopez Obrador pledged further rises to keep up with inflation.
The $0.71-a-day raise, the biggest in percentage terms since 1996, followed two hikes of around 10 percent by the previous government also aimed at boosting the purchasing power of low-income workers.
Persistently low salaries for many Mexicans stoked the frustration that led to the landslide election of leftist Lopez Obrador, who has pledged to raise living standards . . .
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