Mexico | Increases to the minimum wage, without effects on employment and inflation

Summary

In the last two years the minimum wage has had significant increases: 10% in 2018 and 16% this year. However, these figures must be put in context. From 1980 to 2018 the real minimum wage lost just over 60% of its value.

Key points

• Key points:
• There are those who argue that these increases have resulted in less job creation; others say they have brought higher inflation. Some even say they have resulted in both
• Increases to the minimum wage have had no effect on employment or inflation

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