How to Raise the Minimum Wage

MEXICO - Report 15 Aug 2014 by Mauricio González and Ernesto Cervera
Executive Summary The country’s minimum wage has emerged as a major topic in the national political debate in recent days. Mexico is the only Latin American country in which the minimum wage is below the extreme poverty line, according to the Economic Commission for Latin America and the Caribbean (ECLAC), a level that reflects the extent to which minimum wage has lost 76.3% of its purchasing power during the past 25 years. Last week the National Action Party (PAN) proposed in the Chamber of Deputies a national ballot initiative that calls for raising the minimum wage to a level that would ...

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