Headline: Mexico‘s New Minimum Wage: What’s the Increase and When Will Workers See It?
In a much-awaited announcement, the Mexican government has confirmed a 12% increase in the national minimum wage effective January 1, 2025. Here’s a breakdown of the new salary, when workers can expect to see it, and how it impacts their purchasing power.
What’s the new minimum wage?
The daily minimum wage in 2024 was 248.93 Mexican pesos. With the 12% increase, the new daily minimum wage for the interior region of the country is approximately 278.80 pesos. For border regions, the new daily minimum wage is around 419.88 pesos, up from 378.89 pesos in 2024.
When will workers start seeing the increase?
President Claudia Sheinbaum announced that the new minimum wage came into force on January 1, 2025. This means all workers earning the minimum wage should see the increased pay in their January 15 paychecks.
However, there are a couple of things to consider:
- Check your payslip: The adjustment should appear immediately in your payslip, but double-check with your employer if you don’t see it right away.
- Company processing time: Some companies may take a few extra days to process the adjustment, meaning you might only see it in your January 31 paycheck.
For official information, visit the Mexican government’s website.
How much has the real minimum wage increased?
From 1992 to 2018, the real minimum wage remained between 0.85% and 0.81%, effectively leading to an impoverishment of workers as inflation rose sharply. However, between 2018 and 2024, the minimum wage increased from 0.91% to 1.68%, marking a significant improvement during President López Obrador’s term, according to President Sheinbaum.
Looking ahead, President Sheinbaum aims to increase the minimum wage to the equivalent of 2.5 basic food baskets by the end of her term. Experts predict that workers could achieve this level of purchasing power by 2030, given sustained salary increases over the next few years.
The new minimum wage is now in effect, and workers should soon feel the positive impact of the increase on their daily expenses. Stay informed about future developments by reading our article on the minimum wage and its path to professional salaries by 2028.
