Minimum Wage, the Most Effective Policy Against Poverty

Sin Embargo MX

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The achievement of 13.4 million Mexicans out of poverty between 2018 and 2024 has a key factor: the accumulated increase of 116 percent in the minimum wage that was promoted during the government of Andrés Manuel López Obrador. The post DATA ¬ The 116% increase in wages was key to getting 13.4 million out of poverty first appeared on SinEmbargo MX.Read the full text in sinembargo.mx

El Economista

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More than 10 years ago, among the circles of economists, we were few in favour of raising the minimum wage in Mexico. From the Bank of Mexico, my colleagues rejected the idea because of a very clear dogma: raising the minimum wage could only cause inflation.This idea had been the slogan par excellence of the business sector in Mexico for decades, and it was replicated within the National Commission of Minimum Wages (Conasami) in that same period…