On December 1st, 2016, the Labor and Social Security Ministry released through an informative note, that the representatives of the National Wages Commission Board (known as "CONASAMI"), in the performance of their duties and authority, unanimously resolved to increase the current minimum wage amount in Mexico to $80.04 pesos effective on January 1st, 2017.
The increase approved by the representatives of the National Wages Commission Board is the result of adding $4.00 pesos to the current minimum wage of $73.04 for "Monto Independiente de Recuperación" (roughly translated: "Independent Recovery Amount" known as MIR), and to apply the increase of 3.9% to this new amount.
Therefore, as of January 1st, 2017, the minimum wage amount will be $80.04 pesos.
The increase of 3.9% will be also apply to the minimum wage determined for the rest of the professions.
The employers, employees and representatives of the Federal Government who are...