Alfonso Navarrete Prida, México’s Secretary of Labor,
announced that the country’s minimum wage in areas A & B would
increase by 3.9% on January 1, 2014.
Currently the minimum daily wage is 64.76 pesos ($4.92)
for Zone A and 61.38 pesos ($4.66) for Zone B. Zone A includes the
Federal District and certain municipalities in the states of Baja
California, Baja California Sur, Chihuahua, Guerrero, Jalisco, State of
México, Nuevo León, Sonora, Tamaulipas, and Veracruz. Zone B includes
all municipalities in the states listed as in Area A, but are not
themselves included in Area A, and all remaining municipalities in the
country
This increase of about 2.52 pesos means that minimum
daily wage in Mexico will become 67.29 pesos ($5.11) in the area A and
63.77 pesos ($4.85) in the B.
In order to see how México compares with its Latin
American counterparts, México’s daily minimum wage must be converted to a
monthly wage, since other Latin American countries have monthly minimum
wages.
Converting México´s minimum wage to a monthly wage means 2018.7
pesos ($153.42) and 1913 pesos ($145.39), respectively, for areas A and
B.
Country Minimum Monthly Wage (converted to U.S. Dollars)
México $145 to $153
Chile $420
Uruguay $405
Brazil $314
Argentina $482 – the largest in Latin America
According to data provided by Carlos Fernández Vega (La Jornada)
from December 1987 to December 2013 México’s minimum wage increased
900%, while the price of the basic food basket increased 4,800% during
the same period.
(from México Voices)
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