Mexico: A new increase to the Minimum Wage is expected for June 2018

The General Secretary of the Workers Confederation of Mexico (CTM), Carlos Aceves del Olmo declared that the National Commission on Minimum Wages (CONASAMI) will meet by the end of this month to set the increase that was pending to level such kind of incomes.

He expects the news to be announced in June 1, which will also benefit retired workers because the law provides that pensions may not be lower than economic perception.

The Congress of Labour (CT) requested the increase to reach Mx $ 110 pesos per day, however, part of the private sector proposes to set it at Mx $ 98 pesos and the other maintains some reserve because it considers that the adjustment is inflationary.

Aceves del Olmo commented that economic variables are stable, thus, there are solid basis to make the adjustment.