Mexico’s minimum wage increased to $10.50 USD for an 8-hour workday

Mexico declared a 20% increase in the country’s daily minimum wage Thursday.

Starting next year, the basic minimum wage will be 207 pesos, or about $10.50, for an eight-hour day. That’s up from the current level of 172 pesos, or about $8.80 per day.

Stubbornly high inflation, however, is expected to eat into that increase. Inflation, especially for basic goods, ran at an average of about 9% this year, and is expected to continue high next year.

Wages along the northern border, where prices are higher, will be set at 312 pesos, or about $16 per day. The changes announced Thursday will go into effect Jan. 1.

The average wage in Mexico is about 1 1/2 times the daily minimum wage, but many people rely on informal-sector work for extra income.

Subscribe here for just .08 cents per day to read subscriber content, join the PVDN newsletter, and browse with site ad-free. Support local news.

Trending news on PVDN

  • Puerto Vallarta Malecón will be repaired due to damage caused by high waves In a regular session of the Tourism and Economic Development Commission in cooperation with the Environment and Public Services Commissions, the opinion derived from a building agreement initiative was approved this Wednesday to carry out the repair of the Puerto Vallarta Malecón, due to the damage it suffered as a result of the high waves.…
  • Crocodile captured in Puerto Vallarta at Parque Lineal Elements of the Municipal Government’s Environment Department captured an adult crocodile approximately 2.63 meters long, in Linear Park, near the Ex Haciendas del Pitillal, this Wednesday. The specimen is marked with the number 530 and was relocated to the El Salado estuary. This happens in the commemoration of the Day of the Biologist, professionals who…
  • Puerto Vallarta recognizes heroic action of policeman who saved tourist from drowning Officer Alejandro Abarca Álvarez, a tourist area policeman, who on January 15 saved the life of a tourist from Guadalajara after being swept away by ocean currents, was recognized for his heroic actions. The rescue was registered at around 5:00 pm at Camarones Beach next to the Rosita Hotel and according to the report of…
  • Kim Kuzma and Band in Dinner & A Show at Coco’s Kitchen Jan 27th Coco’s Kitchen in Vallarta’s Zona Romantica will present a special ‘Dinner & Show with Kim Kuzma’ every other Friday evening this season. The next performance happens on Friday, January 27th. Come and enjoy a beautiful evening of Acoustico-Style Music with Kim Kuzma and the band along with a fabulous 3-course dinner, created by Coco herself.…
  • At least 28,900 people fled their homes in Mexico in 2021 forced by violence In April 2021, 204 people fled their homes in the municipality of Cotija, in Michoacán, after members of a criminal group broke into their homes and threatened them with rifles and grenade launchers. The number of displaced persons in the State continued to increase that year and by December there were already more than 13,500.…
Puerto Vallarta News

Compare Listings

Title Price Status Type Area Purpose Bedrooms Bathrooms
error: Please contact PVDN if you wish to reprint something from this website