This Wednesday, December 1, the National Minimum Wages Commission (Conasami) approved an overall increase of 22% in the minimum wage in Mexico with the support of all sectors: the Government, unions and employers, according to the Business Coordinating Council (CCE).
With the increase, the minimum wage in Mexico it goes from 141.70 pesos to 172.87 pesos a day, while in the special zone of the northern border it grows from 213.39 pesos daily at 260.34 pesos.
The Business Coordinating Council (CCE), the leadership of the private sector, celebrated the increase, after opposing the 15% increase approved by the government and the unions a year ago.
“The CCE and the organizations that comprise it endorse their solidarity and the ccommitment to improve the income of the workers who earn the least “, the group indicated in a statement in which it reported the increase.
With this increase, the minimum wage will cover 74% of the family welfare line defined by the National Council for the Evaluation of Social Development Policy (Coneval), while on the northern border it will reach 112%, according to the bulletin.
Even so, the CCE warned of the risks of inflation, which had an annual increase of 7.05% in the first half of November, the highest general rate in 20 years.
“We are beginning a phase of economic recovery with high levels of inflation that it is necessary to contain to avoid additional implications to the economic fall that we suffer because of the pandemic,” argued the business organization, whose partners represent 80% of gross domestic product (GDP) .
The minimum wage has increased by 42% in real terms since the government of Andrés Manuel López Obrador began (AMLO) in December 2018, as the president boasted last week.
Faced with concerns, AMLO defended that the wage increase does not increase inflation.
“The increases to the minimum wage in the neoliberal period in 36 years were, if anything, inflation and in some years the increase in wages was below inflation, which is why the purchasing power of wages was completely deteriorated,” said the president in his conference. Friday.
The increase that will come into force in 2022 is added to the 15% in 2021, 20% in 2020 and 16% in 2019, according to data from the Ministry of Labor and Social Welfare (STPS).
The increase will come after the rebound of about 6% of GDP that the Government expects for 2021 after the historic drop of 8.2% in 2020.
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