Friday, December 1, 2023

Coparmex to propose 12.8% increase in minimum wage by 2024 Grupo Milenio

The Confederation of Employers of the Mexican Republic (Coparmex) saw a viable increase of 12.8 percent in minimum wage with 2024so he will propose it to the National Commission of the Minimum wage (Conasami).

José Medina Mora, president of Coparmexdetailed:

“The proposal that we will present as a business sector consists of an increase in the projected inflation for December this year, which is 4.6 plus two points, that is, 6.6 for minimum wage which corresponds to the northern border area of ​​the country; same for minimum wage of professionals, contractual and general minimum. In addition, there is an Independent Recovery Amount (MIR) to raise the proposal to 12.8 percent..

minimum wage with 2024

Read Also:  Direct payments of up to $5 thousand in United States dollars

The president of Coparmex explained that, due to the reduction of inflation, the business sector and the government may propose a proposal to increase the minimum wage:

“This proposal will be made by (Conasami) and there the tax increase will be determined. minimum wage with 2024”.

Mylene Cano, Analysis Manager of Coparmex, says that Mexico has had continuous wage increases for several years that have been able to recover purchasing power. Expert points out:

“We have seen the data from 2018 to now, where we have a real recovery of one hundred percent of minimum wage”.

He pointed out that, currently, the minimum wage It covers 72 percent of the family welfare line, although the goal is for all formal families to cover the basic food and non-food basket for their members.

Read Also:  BMV rises after moderate job growth in the US; accumulates loss Millennium Group

Mylene Cano added that this goal of the northern border has been achieved, which covers the line of family welfare at 108 percent.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news