Mexico to raise minimum wage by 12%, but no increase in dollar terms

MEXICO CITY, Mexico: Mexico will raise its daily minimum wage by 12 percent starting January 1, 2025, according to an announcement by the country's three-party minimum wage commission, which comprises government, labor, and business representatives.

While the increase brings the minimum wage to 279 pesos per day (approximately $13.75), it represents a slight decline in dollar terms due to an 18 percent drop in t