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Mexico to raise minimum wage by 22% next year
04 Dec '21
1 min read
Pic: Sergio Hayashi | Dreamstime.com
The National Minimum Wage Commission of Mexico will be increasing the daily minimum wage by 22 per cent from the current rate of 141.70 pesos ($6.65) to 172.87 pesos (US $8.11) in 2022, as per the Business Coordinating Council (CCE). The minimum wage in the Northern Border Free Zone near the US border will be higher at 260.34 pesos per day.
Mexico is one of the major denim manufacturers in the world.
The wage hike will help improve the workers’ lots relative to an established economic standard, said Mexican media reports quoting the CCE.
The current daily wages in Mexico are one of the lowest in the Americas. They are even lower than the minimum wages in countries like Honduras, Guatemala and El Salvador.
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