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Minimum wage 2023: who benefits from the increase? – The Sun of Mexico

During the early hours of this Friday, the National Minimum Wages Commission (Conasami), approved a 20 percent increase in the minimum wage.

Increasing was confirmed this Friday morning by President Andrés Manuel López Obrador who said that he The increase will take effect from January 1, 2024. With this December 1 increase, the minimum wage will reach 249 pesos daily.

However, who benefits from the increase in the minimum wage?

Sectors benefited by the increase in the minimum wage

The increase will be applied to general minimum wages and in the Northern Border Zoneso it will benefit the workers of companies formally registered with the Tax Administration Service (SAT) and professionals.

Besides, The increase will not have an impact on inflationas indicated by the analyzes issued by the Bank of Mexico at the request of the Council of Representatives of the Conasami.

In the negotiations there was a 25 percent increase, while the employers’ sector had raised its proposal of a 12.8 percent increase in minimum wage payments; However, it took almost 3 hours to reach the 20 percent increase.

The request that the Labor Sector made to the Ministry of Labor and Social Welfare (STPS) this November 15, was to recover the percentage distance existing in 2016 between the general minimum wage and the professional minimum wages.

During AMLO’s six-year term, the salary has increased five times.

  • In 2019 the increase was 16.2 percent
  • In 2020 reached 20 percent
  • For 2021 it was of 15 percent
  • For 2022 it was of 22 percent
  • In 2023 the increase was 20 percent
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