The Representatives Of The National Minimum Wage Commission Unanimously Voted To Increase The Current Minimun Wage In Mexico - Employment and HR - Mondaq Mexico - Mondaq Business Briefing - Books and Journals - VLEX 697509097

The Representatives Of The National Minimum Wage Commission Unanimously Voted To Increase The Current Minimun Wage In Mexico

Author:Mr Nieves Busto
Profession:Basham, Ringe y Correa, S.C.
 
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On November 21st, the National Minimum Wage Commission (known in Mexico as "CONASAMI") released through an informative note that in performance of its duties and authority, it had revised the current minimum wage in Mexico.

The representatives of the National Minimum Wage Commission analyzed the convenience to continue to apply the "Monto Independiente de Recuperación" (roughly translated "Independent Recovery Amount" known as MIR) to increase the minimum wage.

Therefore, the representatives of the National Minimum Wage Commission unanimously resolved to increase the current minimum wage to $88.36 pesos, as of December 1st, 2017.

The increase agreed by the representatives of the National Minimum Wage Commission is the result of adding $5.00 pesos to the current minimum wage of $80.04 for...

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