Today's Wages in the 21st Century

On December 17 2020 the newspaper El Universal1 made the publication in relation to the wage increase in which it pointed out that on December 16 2020 the National Commission of Minimum Wages approved a 15% increase to the minimum wage in Mexico which will be in force as of 2021 that is the minimum wage goes from 123.22 to 141.70 per day and in the free zone of the Northern border it goes from 185.56 to 213.39 per day. They also mention that this increase to the minimum wage seeks to improve the quality of life of Mexicans as well as their purchasing power noting that this decision will lead Mexico to occupy the 76th place among 135 countries in terms of minimum wage the Federal Government argues that this decision will benefit the economy reduce economic inequality between women and men and strengthen the domestic market without increasing inflation or creating unemployment not all members of the business sector support this increase.