Mexico increases minimum wage by 3.9% for 2013

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/Reuters
Mexican minimum wage commission, including governors, business and labor unions representatives, agreed to raise a minimum wage by 3.9% in the beginning of 2013. However, this increase brings the wage just under $5.1 or 65 Pesos a day in the best paid areas, which includes major cities and the capital. The minimum wage was well below the market wage for years, together with a high inflation in recent years, reaching annual 4.2% in November, 2012.
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