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Mexico to Raise Minimum Wage...to $4.70 a Day

Nearly 25 million Mexicans are getting a pay raise. From $4.25 to $4.70 -- a day. Mexican government and business leaders agreed to raise the country's minimum wage starting on December 1 to 88.36 pesos from 80.04 pesos. The 10% raise is good news for 24.7 million Mexicans who work either one or two minimum wage jobs.