Mexico's central bank’s board members argued that emerging risk will make it difficult to bring inflation to the bank’s 3% target in 2020
Experts said a large hike could make it challenging for Mexico’s central bank to keep core inflation under control
The Mexican government is planning to introduce a specific minimum wage for 2 million domestic workers in order to boost their labor rights
Mexico raised the daily minimum wage in January by 16% under President Andrés Manuel Lépez Obrador
Last month, Mexico raised the daily minimum wage by 16% under new President Andrés Manuel López Obrador
The strikes have affected 45 factories since they began on Friday, said Luis Aguirre, president of a national board representing exporting manufacturers
The decree seeks to give an edge to northern Mexican businesses, which compete with U.S.-based companies across the border
President López Obrador's administration, business sector, and the workers have agreed on a new wage policy
A pay raise on the way?
During the previous presidency, high formal employment rates were registered but it was known that around 20 million workers earned only two minimum wages, less than MXN $5,000
Minimum wage: a historical debt
AMLO proposes an annual increase to the minimum wage, hopes to lower poverty