Mexico will increase minimum wage by 20% in 2023
CNN/Stylemagazine.com Newswire | 12/1/2022, 3:14 p.m.
Mexico's minimum wage will increase by 20% from 2023, the government announced on December 1, after it reached a deal with the labor and business sector. Luisa Maria Alcalde, Meixco's labor minister, speaks during a news conference in Mexico City on November 15.
Mandatory Credit: Alejandro Cegarra/Bloomberg/Getty Images
Originally Published: 01 DEC 22 13:54 ET
By Stefano Pozzebon, CNN
(CNN) -- Mexico's minimum wage will increase by 20% from 2023, the government announced on Thursday after it reached a deal with the labor and business sector.
The rise will begin on January 1, where the daily minimum wage will go from 172 Mexican pesos ($9) to 207 Mexican pesos ($10.82), Labor Minister Luisa Maria Alcalde announced during government press conference in Mexico City.
The agreement was reached unanimously between the government, the labor sector and the business sector, Alcalde said.
