Mexico: Minimum Wage – 20% increase in 2023

  • Today, CONASAMI announced a 20% increase in the minimum wage for 2023, from $172.87 to $207.44 per day

  • The government maintains its policy of a gradual recovery in wages, with support from unions and the private sector

  • This news comes in an environment of higher cost pressures for companies, with possible upside risks for CPI in 2023

December 2nd, 2022
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