Mexico’s lower house votes to change minimum wage calculations

November 13, 2015

A committee in Mexico's lower house of Congress voted overwhelmingly in favor of a measure that moves Latin America's No. 2 economy a step closer to increasing its low minimum wage, which has fallen in real terms over more than three decades.

The measure, which would decouple the minimum wage from how some fines, levies and contributions are calculated, is part of President Enrique Pena Nieto's bid to boost economic growth and the purchasing power of low-income Mexicans.

The current daily minimum wage in Mexico is 70.10 pesos ($4.19), placing it below most of . . .

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