Single Minimum Wage in Mexico Effective October 1 Mexico News Daily
go to original September 30, 2015

There will be one minimum wage throughout Mexico effective Thursday as the Area B wage level reaches that of Area A, or 70.10 pesos per day.

Elimination of a geographical basis for the allocation of the minimum wage was announced in April, when a gradual increase of the Area B wage began from its level at that time of 66.45 pesos. By Thursday the two will be the same.

Labor Secretary Alfonso Navarrete said amalgamation of the two wage levels will benefit 751,915 workers in 2,341 municipalities who are currently within Area B.
 
Another change regarding the minimum wage will be its retirement as a factor in formulas used to calculate fines, fees and other payments to government. A new reference unit called the UMA, to be set by the National Institute of Statistics and Geography, will be used instead.

What’s not going to change by much is the amount of the minimum wage itself, widely regarded as stingy and, according to the Economic Commission for Latin America and the Caribbean, below the poverty line. Mexico is the only country in the region to have earned that distinction.

Read the rest at Mexico News Daily

Photo: Fox News

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!