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Set minimum wage at 102 peso says Mexican Employer’s Association

Mexico City, Mexico — The head of Coparmex says that a consensus should be reconsidered to not only increase the current minimum wage, but also to have one minimum wage.

Gustavo de Hoyos, president of La Confederación Patronal de la República Mexicana (Coparmex), which is the the Mexican Employers’ Association, says that current conditions make it necessary to reconsider increasing the minimum wage to 102 peso per day.

De Hoyos says that a consensus should be considered to increase the salary as of January 1, adding that such an increase would not have inflationary effects, nor would it generate other types of impacts on the economy.

De Hoyos also says that he does not agree with the proposal of president-elect, López Obrador to double the minimum wage in the border regions.

“We prefer that only one economic wage zone be maintained,” he said. The best thing would be to have a national objective of increasing the wage and not just concentrating the benefit on the border, he explained.

In September, the senate approved an appeal by the Upper House to the Comisión Nacional de los Salarios Mínimos to set the minimum wage at 176.72 pesos beginning 2019.

The increase proposed is a 100 percent increase since the current minimum wage is 88.36 peso per day.