Mexico raises minimum wage
December 12th, 2011 - 11:32 am ICT by IANSMexico City, Dec 12 (IANS/EFE) Mexico has approved an average minimum wage hike of 4.2 percent, or about 2.51 pesos ($0.18) per day, a measure that will go into effect starting Jan 1.
Mexico’s National Commission on Minimum Wages, or CNSM, is an organization in which the government, business associations and the main labour unions are represented, and has become a place for reaching agreements on miminum wage increases.
The demand of organized labor was for a 10 percent wage increase.
The 4.2 percent minimum wage hike was described by the Center for Labor Research and Union Consulting, or CILAS, as just one more joke at the expense of millions of Mexican men and women.
“This increase, insufficient as usual, the only thing it does is guarantee an increase in the number of poor people,” the organization said.
According to official figures, between July and September there were 2.8 million jobless people, plus 4.2 million who were underemployed and another 13.4 million working in the informal economy.
Of the 113 million Mexicans, according to the latest census, some 52 million are living in poverty.
–IANS/EFE
rd
- Drought reduces Mexico's agricultural production - Feb 14, 2012
- Mexico to invest $250 mn in disaster insurance - Mar 05, 2012
- Argentine lawmakers double their own salaries - Feb 14, 2012
- Mexico to auction dollars to prop up peso - Dec 01, 2011
- Mexican government expects economy to grow in 2013 - Apr 12, 2012
- Number of poor in Mexico climbs by 3.2 mn - Jul 30, 2011
- Mexican airline to eliminate half of workforce - Sep 29, 2010
- Mexico's 2011 growth outlook improves - Dec 02, 2011
- 15 tonnes of synthetic drugs burnt in Mexico - Feb 20, 2012
- Spend more on fighting deforestation: Greenpeace tells Mexico - Oct 20, 2011
- Two mn Mexicans employed as domestic workers - Nov 24, 2011
- Mexico's foreign reserves rise - Apr 04, 2012
- Debt-laden Mexican state keeps financial records secret - Dec 01, 2011
- `Millions of Mexicans ready to cheat on spouses' - Dec 15, 2011
- New US jobless claims rise - Dec 30, 2011
Tags: business associations, census, cilas, efe, government business, informal economy, joke, labour unions, men and women, mexican men, mexicans, mexico city, minimum wage hike, minimum wages, organized labor, poverty